Category: Assessments

Hiring mistakes are expensive. Industry research shows that recruiting, hiring, and onboarding a new employee can cost as much as $240,000. If the employee is let go or leaves voluntarily, the organization loses its investment and must incur additional costs to find a replacement. Filling critical job roles is especially challenging because we are experiencing […]

All organizations focus on maximizing productivity because their success and possibly survival depend on how well they outperform their competition and meet growth goals. Hiring the best talent is the key to improving productivity and meeting deadlines. Suppose you have a cross-functional project which should take three years to complete. A McKinsey study showed you […]

Organizations worldwide are struggling to find qualified candidates to fill critical job roles. In 2021, over four million people quit their jobs in what is referred to as the Great Resignation. This exacerbated a talent shortage problem that has been growing for the past decade. According to a Deloitte study, HR leaders in the US […]

It is a challenging time for HR leaders in all industry sectors. They thought their problems were over as the COVID-19 pandemic subsided. Then they found themselves dealing with a global talent shortage. Over four million people quit their jobs during the “Great Resignation” of 2021. As a result, HR professionals are struggling to find […]

Administrative employees are the backbone of most organizations. A good administrator who takes the initiative without being asked and does not require much supervision to perform their job is worth their weight in gold. So, when recruiting for administrative roles, it is essential to use an industry-leading employment skills testing solution such as the eSkill […]

Hiring mistakes are expensive. Data compiled by Undercover Recruiter shows that if a manager who earns $62,000 is terminated after 2.5 years, it costs their employer $840,000, including hiring costs, salary and benefits, severance, disruption to productivity, and lost business opportunities. Studies also show that the average company spends around $240,000 to recruit and onboard […]

Bad hires cost companies thousands of dollars annually. According to Undercover Recruiter, if a manager earning $62,000 is terminated after 2.5 years, the bottom-line cost to the employer is $840,000. This includes hiring costs, salary, benefits, lost productivity, severance, and lost business opportunities. Also expensive are hiring mistakes. It costs a company around $240,000 to […]

The last two years have been challenging for organizations in all industry sectors. They have had to adjust business operations to deal with a global pandemic. They have had to navigate their way through a multitude of supply chain issues to meet customer demand. Now they are struggling to fill critical positions due to an […]

Onboarding is one of the most overlooked facets of hiring. In many organizations, onboarding new employees consists of little more than a short greeting, a quick tour, a few hurried introductions, and completing reams of paperwork. Not having a formal onboarding process is inefficient as well as costly. According to a survey conducted by Gallup, […]

A bad hiring decision harms team morale and productivity and has a negative impact on your bottom line. Department of Labor statistics show that the cost of a bad hire can be as high as 30% of the employee’s first-year earnings, and a CareerBuilder study revealed that 74% of companies that made poor hires lost […]

Filling a new or existing position is an expensive proposition. According to Indeed, hiring a new employee can cost between $4,000 to $20,000, not including the new employee’s salary and benefits. While the numbers differ based on the type and experience level of the position and the company’s industry sector and location, hiring costs a lot […]

The COVID-19 pandemic has had a dramatic effect on hiring. In April 2020, the nation’s unemployment rate soared to 14.7%. As business ramped up to near pre-pandemic levels, the unemployment rate dropped to 6% in March 2021. Then, the “Great Resignation” hit, and 47.4 million workers quit their jobs. As a result, the unemployment rate […]