Author and self-made millionaire Darren Hardy estimates that the true cost of a bad hire is about 6-15 times their annual salary, and you break even at best on your average employees. He goes on to say that if you think you cannot afford to hire A-players you’re wrong. They are the ONLY people you can really afford to hire because they are the only ones making money for your company. Jack Welch, former CEO of GE, said “No matter the innovations and changes in the marketplace, the one thing that hasn’t changed is that the team who fields the best players wins.”
Here is the value proposition: If you can recruit a top performer from within your industry, preferably from a direct competitor, that could mean hundreds of thousands, or millions of dollars added to your bottom line. We are far better positioned to help you make that happen, for several reasons. If Darren Hardy is correct, making a bad hire for a key position could easily cost you a million dollars. If you have a critical role where you cannot afford to mess it up, partnering with a recruiter who is niched in your space is both the highest quality and the lowest cost solution.
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