How Much are Bad Hires Costing Your Organisation?

Regardless of size, geography or industry, every organisation requires exceptional talent that is both motivated and focused to deliver on customer promises. Yet, it is getting harder to recruit and retain talented, high performing employees. When considering the costs associated with recruiting and on-boarding new employees, making the wrong decision will result in a massive impact for an organisation. "It costs an organisation 200% of a senior hires' annual salary to on board them, this includes recruitment fees, remuneration, back office administration, training and team time. It's very expensive to replace people," says Jason Davies, Africa Head of Leadership, Learning, Talent and Resourcing at Barclay's Africa Group.