MODERN EMPLOYER:
Helping you make sense
of the evolving HR landscape.

What’s the Real Cost of Picking One Bad Apple?

Posted on: May 9th, 2012 | Category: Hiring Methodology, hiring process, How To Hire Good Employees, NetSourcing, Our Blog, Our Clients

Average cost of a pound of red delicious apples in the U.S. : $1.28

Estimated cost of one bad apple hired in the U.S.: at least $25,000 – $50,000

That’s according to the Bureau of Labor Statistics and recent CareerBuilder survey on the cost of a bad hire. The survey also found that 69 percent of employers reported that bad hires lowered their company’s productivity, affected worker morale and even resulted in legal issues.

Ugh!

That’s why a growing number of savvy companies are partnering with hiring management outsourcing specialists to make sure that their pre-hiring and hiring processes are focused on the right criteria, implemented properly and meet their long-term goals.

What is a hiring management partnership?

When you offer progressive, customized human resources and hiring services, as hireVision does, you get this question a lot. It’s understandable. What we do isn’t second nature to most business owners or HR directors/VPs, which is why they call on us. So we are happy to explain why successful companies come to us to help them.

We are not a staffing service or a recruiting firm…not that there’s anything wrong with those types of businesses. They serve a function on the outside of your company during the hiring process. hireVision works on the inside of your company by creating strategic hiring initiatives and then performing the pre-hire process on your behalf. From hourly workers to C-level positions, we have strategies and skills that will effectively and affordably attract the right people, and support your bottom line.

Here’s what one of our clients had to say about their hiring management partnership experience:

 

 “The hireVision staff has done an excellent job of managing our HR functions, they have dramatically improved our hiring process and the quality of our new employees. I don’t know what I would do without them!
 
 
—Elijiah Gray, Chief Financial Officer
MILESTONE BANK, DOYLESTOWN, PA

Thank you, MileStone Bank, for the testimonial, and for putting your faith in our service.

For more information about any of our  Hiring Process Management or HR Partnering Services , including our innovative social media outreach program called NetSourcing, please contact us at 610.443.0119 or email us.
Please fill out the form below or call 610.443.0119 to learn more about what our modern HR services can do for you. We’ll get back to you within one business day—most likely less!
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myHR Partner’s periodic publication, MODERN EMPLOYER, is created for business executives, owners and HR professionals who want to maximize their human resource functions using progressive hiring and HR strategies. It’s informative, fun and practical. Oh, and it’s FREE too!

You’ll discover:

  • Tips on hiring, screening, and interviewing
  • Creative ideas to help retain your best employees
  • Ways to put the “human” back in Human Resources
  • How to perform effective reference checks
  • New HR regulations and how they affect you and your employees
  • How small changes in certain processes can have big results
  • How to tell when partnering with an outside provider is in your best interest
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