Study: 75% of employers have made a bad hire in the past 12 months
CareerBuilder survey, 75% of employers said they have hired the wrong person for a position in the last twelve months. Of those who had a bad hire affect their business, the average cost of the bad hire was $17,000. That’s a significant sum for most small businesses and emphasizes why it’s so important to run comprehensive pre-employment background checks. Worryingly, the report suggests that only 72% of employers are currently running such checks. This is down from previous studies, which have reported the number to be as high as 90%. Of the 72% in this study that reported running background checks, here’s how their background checks break down:
- Criminal background check: 82 percent
- Employment check: 62 percent
- Identity check: 60 percent
- Education check: 50 percent
- Drug test: 44 percent
- Licensing check: 38 percent
- Credit check: 29 percent
- Lower productivity: 36 percent
- Lower quality of work: 33 percent
- Negatively affected employee morale: 31 percent
- Lost time to recruit and train another worker: 30 percent
- Cost to recruit and train another worker: 30 percent
- Employee’s managers or coworkers had to spend excessive time assisting bad hire: 29 percent
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