Cost of a Bad Hire

Do you know what a bad hire actually costs YOUR organization? In order to help you put hard dollar figures to your last hiring failure, we’ve provided the Cost of a Bad Hire calculator. See for yourself just how much bad hires really cost your organization.
1. Recruitment Costs
HR Hours
total # of hours
HR Cost
$ per hr.
Management Hours
total # of hours
Management Cost
$ per hr.
Interviewer’s Hours
total # of hours
Interviewer’s Cost
$ per hr.
Cost of Job Posting
Cost of a Referral
Cost of Placement
Total
2. Salary & Related Costs
Salary
Benefits
Overhead, phones, etc.
Total
3. Time & Other Personnel
Manager Hours
total # of hours
Manager
$ per hr.
Training & Development Hours
total # of hours
Training & Development
$ per hr.
Administrative Hours
total # of hours
Administrative
$ per hr.
Total
4. Productivity Losses
Start up Performance – Less than Standard
Low Morale of Co-workers
Standards of Performance and/or attendance lowered
Total
5. Lost Business
Prospects Lost
Customers Lost
Total
6. Other Costs
Managerial Energy Diversion
Company Cars, Personal Computers
Unemployment Compensation
Severance Allowance
Legal Fees
Total
Grand Totals
Grand Total
Salary Short Formula
x 3 =
Total
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1. Recruitment Costs