According to Career Builder, 74% of companies that admit they've hired the wrong person for an open position lost an average of $14,900 for each bad hire. What's more, according to the US Department of Labor, the cost of a bad hire can reach up to 30% of the employee's first-year earnings. These stats show you just how important it is to hire right the first time. To assist you, let's look at five of the most common hiring mistakes startups make. #1: Hiring people you know While in some instance...
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Sarah Lerche created a new blog post, 5 of the most common hiring mistakes startups makeAccording to Career Builder, 74% of companies that admit they've hired the wrong person for an open position lost an average of $14,900 for each bad hire. What's more, according to the US Department of Labor, the cost of a bad hire can reach up to 30% of the employee's first-year earnings. These stats show you just how important it is to hire right the first time. To assist you, let's look at five of the most common hiring mistakes startups make. #1: Hiring people you know While in some instance...Post is under moderationStream item published successfully. Item will now be visible on your stream.