Monday, May 18th, 2015

While selecting or hiring a team member or an individual employee, it is very important to keep all the aspects of job description and job requirements under consideration.

Selecting the wrong person for the job can have a negative impact on the entire business. For example, consider the overall turnover cost to be around 40% of the employee’s annual salary. If you do the math: If you have a turnover of 2 employees per year, with average annual salary of around $40,000, you are already incurring about $32,000 just to keep the number of employees.