SELECTION Is there a wide gap between what you require and who you recruit?
According to the latest reports, over half of US employers say their companies face a significant challenge in recruiting employees with the right skills, experience, training, and education level. A large majority of unemployed America does not have the required college education or the professional skills and experience levels that employers want, much less the leadership skills required for these roles.
And consider the costs: lost productivity…lost customers…lost dollars on recruiting, screening, and onboarding. For most companies, the single biggest expense is payroll: people are the largest investment. And unfortunately, for too many organizations, this investment fails to generate the expected returns.
Here are just a few of the staggering facts:
- 41% of companies estimate that a bad hire costs more than $25,000. One in four said it costs more than $50,000.
- It costs $7,000 to replace a salaried employee, $10,000 to replace a mid-level employee and $40,000 to replace a senior executive.
- According to Harvard Business Review, as much as 80% of employee turnover is due to bad hiring decisions.
Avoid costly hiring mistakes!
No organization can afford to risk making a wrong hiring decision, particularly at the executive and management levels. The reality is, far too many bad hiring decisions are wasting valuable assets for businesses worldwide.
That’s exactly what The Kabachnick Group’s SRT can do for you.
Select Right Talent© is a highly reliable, patented, and cost-effective job matching technology that allows you to customize your job match and determine what skills, behaviors, and motivators are needed to achieve superior performance in any given culture and job position. To save you time and money, it ensures that you’re provided with only candidates who match your required criteria.