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Ep. 10: The True Cost of Hiring Employees (and How Not to Burn Money)

Woman holding tablet looking at a financial trend report

Hiring new employees costs businesses money, from the downtime of having a vacancy, to the people who are involved with spending their time trying to fill the position by screening and hiring a new candidate.

Hiring employees who don’t work out can cost up to 10% of that employee’s annual salary, so it’s crucial that when you hire someone, you go through all the necessary steps to ensure it’s done right the first time.

Want to read along with the audio? Download the transcript here.

Find (and keep) your next Million Dollar Hire!