HR: How much does a bad hire really cost? You might be surprised

December 8, 2011 by Tim Gould

Even the best companies make a personnel mistake once in a while. But here’s a shocker: More than two thirds of firms in a recent survey said they’d suffered through a bad hire this year.

A new CareerBuilder survey revealed that 68% of employers were affected by a bad hire in the past year — about the same  number as 2010.

The worst part: Bad hires are expensive.

Forty percent of employers reported that a new hire typically costs $1,000 or less; 34% said between $1,001 and $5,000, and 27% put that number at more than $5,000

Click Here for the complete article and more information on avoiding bad hires!

Social networks gaining as promotion, recruiting tool

August 19, 2010 by Tim Gould

Love ‘em or hate ‘em, social network sites are playing an increasingly large role in today’s business operations.

According to a new CareerBuilder survey, 35% of employers use sites like Facebook, MySpace and LinkedIn to promote their company.

One-quarter (25 percent) of those employers said they’re using social media to connect with clients and find new business.

About one in five (21%) use the sites to recruit and research potential employees, and 13% said they saw social networks as a tool to “strengthen their employment brands.”

The survey was conducted among more than 2,500 employers between May 18 and June 3, 2010.

Size doesn’t matter

It’s not just the big players who see the business value of using social networks. Here’s a breakdown of participation rates by company size:

• 500 or fewer employees — 29%
• 501 to 1,000 employees — 38%
• over 1,000 employees — 44%.

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