According to Brad Smart, the cost of making a hiring mistake is 5 to 27 times their annual salary. The higher up in the company they are, the more damage they can do. This means hiring the “right” people can make or break a company. If your company, no matter how big or small, doesn’t have a hiring strategy or plan, then you’re probably shooting yourself in the foot fairly regularly.
. . . and like anything else, the rate of change is accelerating. Inc. Magazine updates us on the New Rules of Hiring.