by Marzenna Almendro
“As much as 80% of employee turnover is due to bad hiring decisions” – Harvard Business Review
We’ve all heard the stats – the immediate one which comes to mind is ‘the wrong hire can cost you 1.5 to 3 times that person’s annual income’. Nobody ventures out to make a critical faux pas. Work demands, deadlines looming, volumes of emails to sift through, clients to get back to… the work environment offers a perfect culmination to rush those hiring decisions. You may be inclined to trust your “gut” or instinct when making a decision – but I’m sure you in your personal capacity can think of one instance where someone interviewed superbly. However after working with them for some time, things became unstuck. Perhaps they went awol and just did not come back to work; or they did resign, but thanks to their malice, they deleted critical, sensitive company data.
It’s happened to most of us.
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