No matter what industry you work in, finding the right candidate for the job is crucial. High employee turnover can cost companies big. According to HR firm Zane Benefits, turnover could cost as much as 20% of a mid-range employee’s salary. That’s a big chunk of your bottom line.
Managers aren’t the only ones who worry about finding – and keeping – the right talent, either. According to research conducted by Deloitte, 79% of HR managers believe their company has an employee retention and turnover problem – which reflects poorly on the company as a whole.
Since hiring the right candidate can increase your company’s productivity, boost employee retention, and save you thousands, it’s crucial to put an efficient and accurate hiring process in place from the get-go.
Whether you’re an established small business or a startup, here are 15 secrets to hiring the right employee – and how you can implement them in time for your next search...