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Employee turnover. Lost work days. Accidents. Inefficiency. These are
just a few of the ways a bad hire can damage your bottom line. The
calculator below can help you estimate the costs your company incurs for
making a bad hire.
This bad hire calculator accounts for the cost of advertising the position,
HR staffing costs, interviewing time and salary plus any relocation and
Insert your company hiring costs to determine how much every bad hire
could impact your company. Then call ADP at 1.800.CALL.ADP, ext.411 (1.800.225.5237, ext 411) to learn how
we can help you lower these unnecessary expenses.
*Averages were compiled from: USA Today 2004
Classified Advertising Rates; Workforce Management, March 2003: "Estimating
the Financial Value of Staffing-Assessment Tools" by Dr. Charles Handler
and Dr. Steven Hunt; 2002 SHRM/EMA Cost Per Hire Survey; HR Magazine,
November 2003: "HR Compensation Special Report"; Workforce, January
2001: "The Importance of Cost Per Hire" by Barbara Davison.
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