The Smith Recruitment Bad Hire Calculator
Uncover the hidden costs of a bad hiring decision with our free bad hire calculator.
Have you ever truly considered the full impact of a bad hire?
When an employee leaves within their first year, the actual cost to your business is typically around 3.5 times their annual salary.
This can significantly affect your company’s growth. Our specialised bad hire calculator leverages up-to-date data and advanced algorithms to reveal how much you could save by refining your recruitment strategy and making smarter hiring decisions!
Bad Hire Calculator
How the best measure success
Good companies measure their employee turnover, but great companies always measure their new employee retention rate and look for ways to mitigate the risk of someone leaving during their first year.
Here’s why…
They recognize that the lowest ROI occurs within that first 12-month period and understand the true cost of a bad hire is approx. 3.5 x salary. This means that a £100k hire, who leaves before their 1st year anniversary, can cost the business over £350k, and that’s terrible for their bottom line.