The Hidden Costs of a Bad Hire
Workplace Application: Learn about the five pitfalls caused by a bad hire, as well as three strategies to avoid them, to ensure you hire and retain the right talent.
Turnover can be very costly, from the money wasted on hiring the wrong candidate to the time and actual cost-per-hire expenses. While these costs are significant, the real loss to your organization is the hidden cost of retaining the bad hire. This session examines the dramatically negative impact bad hires have on an organization and how to prevent these situations from occurring in the first place. You will learn what a “rehire rating” is and how to determine whether an employee's rehire rating is negatively affecting your organization. This session will also show how to determine if your recruiting processes are connected with hiring the wrong candidates.
Greg Moran
Greg Moran has more than 20 years of human capital management, sales, and leadership experience. He is also the author of Building the Talent Edge: A Field Managers Guide to Recruiting the Best (Spring 2005) and Hire, Fire and The Walking Dead (June 2006, W Business Books). Previously, Greg served as Founder and VP of Sales for PeopleAnswers America, a leading provider of behavioral assessment software to mid-market and large companies in North America. Before PeopleAnswers America, he founded and served as President of Pinnacle Technology Solutions, an executive search, staffing, and human capital management services firm. He has also served as Vice President of Best Resume/Career Management Services. During his tenure, he co-authored Job Hunting: The Ten Best Steps to Success, a job search workshop and audio/video tape series. He is a thought leader in the field of human capital management, having been quoted in national publications such as Business Week, The Wall Street Journal, and Inc. Magazine.