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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Comments

[Alan]

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