Bad Hire: Calculate what it Really Costs!

This is an interesting calculator to help your hiring managers really get the cost of a bad hire and see the value of the strategies you are putting in place. Everyone says they “know” bad hire costs, but showing people real albeit estimated numbers makes a big impact. Especially use this if the hiring manager wants tons of people to be involved in the interviews. Those numbers add up fast!

Basic: entry level to mid-management positions
http://www.hrworld.com/calculators/badhire/

By the way, enter numbers like this 75000.00
Took me a while to figure that out!
HR includes recruiter and any HR people involved. Should be a separate section for the recruiter but…

Executive: http://topgrading.com/resources/topgrading-calculators/

Hiring Manager Wants Lots of People to Interview the Candidate?

Show them the additional cost so they can decide if all those interviews are worth the cost. Especially helpful for hiring managers who feel “we’re a collaborative environment” so everyone gets to participate.

Make sure they know what that interview schedule is really costing them.

Don’t hesitate to let me know if you have any questions.
Enjoy!

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