The Cost of a Bad Hire
Consider the following expenses for an administrative employee at $35,000 who leaves after one month:
*Hourly rate is based on the average wage for the position plus 35% for statutories, benefits and 20% overhead burden.
People We Provide
- Carpenter
- Welder
- Machinist
- Laborer
- Warehouse Worker
- Millwright
- HVAC/Facilities Maintenance Personnel
- Electrician
- Engineer
- Draftsmen
- Project Manager
Additional Expenses to Consider
This estimate of the real cost of a bad hire doesn't even take into account costs which are extremely difficult to calculate, such as:
- The negative effect on co-workers' productivity and morale
- Lost business and opportunities due to mishandling by the employee
- Unemployment compensation, severance pay or legal fees
- Recruitment and training costs which you must incur again to replace the employee
The Bottom Line
Whether you need help hiring a new employee or additional personnel on a temporary basis, Madden Industrial Craftsmen can help lower costs, improve focus, and reduce the risk of a bad hire.