The unexpectedly high cost of a bad hire
In the course of running his own businesses for more than two decades, Ryan Holmes, CEO at HootSuite, has done his fair share of hiring. And, he can tell you with absolute certainty that one of the most costly, time-consuming blunders a business can make is picking the wrong person for the job. How costly? The U.S. Department of Labor currently estimates that the average cost of a bad hiring decision can equal 30 percent of the individual's first-year potential earnings.
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