How Hiring the Wrong Person Eats Profits with Rocky Lalvani

This post was originally published on this site

We often hear data on how much bad hire costs you and your company. About 3x the person’s annual salary.

But how much did the interview process itself cost?

For a startup to make a hire, the company spends about 73 total hours interviewing. With the most significant cost being 30 hours of the production team’s combined time. And this is assuming that 6 people make it through a full interview to get to the hire.

We have to ask

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