How much can a bad hire cost your franchise or small business? It goes well beyond attitude and customer service: a bad hire can cost your bottom line a significant amount of money. We break down the cost of a bad hire in our new infographic and what you can do to avoid this in the future. Learn more at: www.hireology.com

1. 1
HOW MUCH CAN A BAD HIRE COST
YOUR FRANCHISE?
THE ANATOMY OF A BAD FRANCHISE HIRE
277,951+
franchise employees
hired in 2015
of businesses admit
they’ve made a bad hire
every year
of franchise owners/
hiring managers find it
challenging to recruit
skilled applicants
of businesses said
a bad hire cost them a
minimum of $25,000
of businesses said a
bad hire cost them as
much as $50,000
1/10
new hires turns out to
be a bad hire
Meaning roughly 27,795 new franchise
employees were labeled a bad hires in 2015
POOR
PERFORMANCE
POOR SKILLS
MATCH
PERSONALITY
CLASH
CULTURE GAP
UNABLE TO GRASP
JOB OBJECTIVES
95% 91% 41% 25%
HOW THE DAMAGE BREAKS DOWN
HOW TO COMBAT BAD HIRES FOR YOUR FRANCHISES?
LOST PRODUCTIVITY
2 TIME SPENT RECRUITING AND
TRAINING A NEW EMPLOYEE
3 EXPENSE OF RECRUITING
AND TRAINING
4 NEGATIVE IMPACT ON MORALE
INCORPORATE HIRING
TECHNOLOGY TODAY:
A Hiring Process Can Serve To:
Reduce Time-to-Hire
Decrease Cost-per-Hire
Increase Quality of Hires
Introduce Data-Based Hiring
Provide a Transparent Process
Let Hireology help you find the right
people for your franchise system!
LEARN MORE
SOURCES:
http://emarket.franchise.org/FranchiseOutlookJan2016.pdf
http://www.fastcompany.com/3028628/work-smart/infographic-how-much-a-bad-hire-will-actually-cost-you#2
http://b2b-assets.glassdoor.com/the-true-cost-of-a-bad-hire.pdf
http://www.bls.gov/oes/current/naics4_441100.htm
http://www.eremedia.com/fordyce/companies-outsource-recruiting-for-hiring-speed/