Zappos CEO Tony Hsieh endeavors to raise the perfect Zappos “family.”
So where did this obsession with fostering this culture come from?
According to Hsieh, his past bad hires have cost his company “well over $100 million.”
That’s not surprising, considering the results of a recent CareerBuilder survey.
Out of more than 6,000 hiring professionals worldwide, more than half said they have felt the effects of hiring someone who turned out to be a poor fit for the job or who did not perform it well.
Twenty-seven percent of the U.S. employers surveyed said that just one of these bad hires cost their company more than $50,000.
“When you add up missed sales opportunities, strained client and employee relations, potential legal issues, and resources to hire and train candidates, the cost can be considerable,” says CareerBuilder CEO Matt Ferguson.
While your business may not be making the headlines, a bad hire could still seriously cost you. But, as luck would have it, there are ways to avoid the sticky situation and really hire for growth.