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Bad Hire Calculator
Result
Loss of productivity and negative impact on the company’s reputation are just the tip of the iceberg when you get a bad hire. Use this calculator to estimate the costs your company is incurring for every bad hire.
Select Currency:
USD
EUR
AUD
JPY
INR
KRW
SGD
How much do you spend per month on advertising for a job vacancy?
USD
How much do you spend per month on recruiting agents or retainer fees?
USD
What is the monthly wage of your unverified hire?
USD
What is the total average hourly salary of the recruitment team?
USD
How many hours each month does the recruitment team spend on the recruitment process?
Hours
(E.g. 1
st
interview, 2
nd
interview, background verification checks, reference calls, developing remuneration package, training costs.)
This is the immediate direct cost of one new hire:
If this new hire turns out to be a bad hire, the following costs will be incurred as well
Internally
Management time spent on remedial action
Redundancy costs
Lost business and opportunities
Loss of productivity
Loss of profits
The negative effect on the bad hire's co-workers
The negative effect to the hiring manager's reputation
Externally
The negative impact on your organization’s reputation
The negative impact on your customers and clients
Conducting a background verification on your new hires will:
Mitigate the risks of a bad hire
Provide your clients. your organsiation and co-workers with confidence in the hiring process
Take Action Now!
First Advantage Pre-employment screening service does this and more, globally, independently and cost effectively. Contact our Sales Consultant for more details or request for a free demo now!
Disclaimer :
The Bad Hire Calculator is intended to provide an illustrative example based on stated assumptions and your inputs. Results and calculations are only indicative‚ meant as estimates only and are not intended to substitute for professional advice.
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