When you’re overloaded with work and you’re impatient for an extra pair of hands to help you, it can be tempting to hire the first reasonable person that comes along. After all, the sooner you get some help, the better!

 
But have you ever thought how much a bad hire really costs you? The actual cost of a bad hire might surprise you. You’ll probably expect recruitment costs, like advertising. But that’s just the tip of the iceberg…
 

The hidden costs of a bad hire

The hidden costs of a bad hire can include things like:

  • The time spent interviewing, training and inducting employees
  • Trainer’s salary
  • Time (or money) spent on reference checks and background checks
  • Set up costs, such as computers, software licenses and business card printing

…That usually adds up to thousands of dollars!

Are you now wondering what the true cost is for a bad hire in your own business?

Use the Bad Hire Calculator below to find out:

(Hint: if the number at the end scares you, call us on 09 280 3977 or email us at to lower – and eliminate – this erosion of your profits.)

 

Instructions: Add your estimations in the fields below. The total Cost at the end will automatically update as you make the changes.
 

COST TO FILL A POSITION
$ enter cost of advertising
enter no of hours
$ enter hourly rate
$
(including telephone screening and 1st and 2nd interviews). Enter no of hours.
$ enter hourly rate
$
$ enter costs associated
enter no of hours
$ enter hourly rate
$
$

INDUCTION AND ORIENTATION COSTS
$ enter salary here
$ enter salary here
enter no of days
$
$ enter costs
$
COST OF PRODUCTIVITY
$ enter salary here
$
TOTAL COST OF HIRE
$

 

Does the true cost of a bad hire worry you?

If the recruitment cost of a bad hire worries you, then you need to call in the professionals. We’ll help to eliminate that unnecessary expense (and erosion of your profits).

Call us on 09 280 3977 or email us at today to start hiring the right people for your business.