Most startups and small businesses can’t afford the costs that associated with employee turnover. Tips to improve recruiting, interviewing and on-boarding so you’re more likely to end up with a great team.
We’ve written in the past about what to do if you make a hiring mistake. Now we’ll offer some insight on how to avoid that problem in the first place.
First, some context: a bad hire isn’t just a people problem – it’s hurts your bottom line. Replacing an employee can cost more than 200 percent of their salary – not the kind of money most startups can spare.
Preventing bad hires and avoiding the associated costs requires a two-pronged approach: first, focus on recruiting the right people. Second, make sure you set them up for success in their first days, weeks, and months on your team. Let’s dig into both.