Nobody wants to hire the wrong person. You’ll spend time and money on training and trying to help them fit into the organization. Often, that time and expense are wasted because the individual will leave your organization soon –voluntarily or otherwise – and you’ll be forced to find a replacement. And that’s not even the real impact of a hiring mistake. The Society for Human Resource Management suggests the cost of turnover can run as high as $150,000 for an accounting professional. Does that figure seem high? Of course, the financial costs – salary, recruiting expenses, severance pay, signing bonuses
