Hiring new employees is a costly as well as time consuming process. Every day we hear about companies employing staff who turn out NOT to be whom they say they are. Can you afford to take on someone who misrepresents their background, does not have the qualifications or skills they say they have.
Candidates are generally honest, but when it comes to applying for a job, research shows that around 1 in 5 job applicants falsify their resume to some degree. That means that 20% of the people you may wish to employ are NOT who they say they are.
Estimates show that the cost of a bad hire and replacement is around 150% of the salary. This could easily be the overall cost of recruiting a permanent employee, including time involved in training, before they reach peak productivity |