Cost of turnover exceeds $26,000 per employee!

With rising economic uncertainty and shrinking profit margins, organizations can ill afford the cost of placing "poor fit" candidates into critical roles. According to a just released study by The Recruiting Roundtable:

 

  • Only 50% of all new hires are the right fit for their jobs
  • Only 29% of organizations consistently acquire talent that is a good fit for the organization.
  • Today, nearly 10% of new hires turn over within six months, at an average cost of more than US$26,000 per employee.

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Ira S Wolfe

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  1. Alan October 10, 2008 at 11:22 am -

    I don’t agree with the figure. It is more like $2,500 – $4,000 per employee – not $26,000!