HR Data Solutions

The Cost of a Bad Hire Can Be Astronomical

The Cost of a Bad Hire Can Be Astronomical

Don’t have the human resources budget for data analytics? The real question is whether you can afford not to incorporate artificial intelligence into your hiring process. This article from the Society for Human Resource Management outlines the [astronomical] cost of a bad hire, which includes recruitment, relocation, training, the negative impact on the performance of the rest of the team, and more. The bottom line, according to this article, is taking measures to decrease the probability of selecting the wrong candidate in the first place. The answer is data analytics – and it’s less expensive when you consider the cost of hiring the wrong person just one time.

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