How does your business stack up in the competition for talent?
You know that the right people on your team drive the future success of your business. But if you’re like most leaders, you find it hard to hire and retain quality talent. You’re not alone. Hiring talent was identified as the number one concern of CEOs in
The bad news is, it’s going to get even harder with over half of our workforce due to retire, and almost 60% of millennials changing jobs regularly.
And although you know bad hiring decisions cost you, did you know it’s estimated to cost your business 2.5 times the first year’s salary if they leave in the first six months? That means hiring the wrong person at a salary of $50,000 costs you $125,000 in the first six months. Ouch! The solution? To continue growing your business you need a proactive, innovative approach when it comes to attracting and retaining quality talent.
So, how do you stack up against other businesses in the competition for talent?