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What is one of the most cost-effective ways to reduce overall hiring expenses?
Answer B:
Avoid Hiring Mistakes with Reference Checks
Conducting thorough reference checks is a vital step that can protect your company from making a hiring mistake. A bad hire can cost your company large amounts of money far outweighing the few hundred dollars you might spend in checking references. The cost of turnover for an exempt employee is 1 - 1.5 times their salary. And, key management turnover can cost 3 - 5 times annual salary.
Click here to learn how to calculate your cost of turnover.
(Source: www.keepemployees.com)
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Click here for a demo of TargetPort and learn how easy it is to create your own Corporate Career Site!
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