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HR Tip: Cost of a Bad Hire

There is no substitute for sound HR management practices. It makes no difference if you are a professional firm, retail outfit or contractor. It makes no difference if you have five employees or 50,000. It makes no difference if you have seasoned HR executives or not. Many companies fail to see the true cost of poor HR practices and don't embrace the right ones until they get whacked in the head enough times that it begins to hurt!

Great companies don't wait for the pain, they model best practices. This is not rocket science, it's just plain common sense.

To calculate the cost of a poor hire click here.

- from riskmanagement365, a risk profile improvement blog by Randy Boss, CRA, CWCA, CBWA