Bad Hire Calculatorhttp://www.adpselect-info.com/badHireCalculator.htmlCalculate how much a bad hire can cost your organiz...
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Bad Hire Calculator By Adp November 2011

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a bad hire costs 1 x base salary. Reducing turnover creates huge savings for a business

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Bad Hire Calculator By Adp November 2011

  1. 1. Bad Hire Calculatorhttp://www.adpselect-info.com/badHireCalculator.htmlCalculate how much a bad hire can cost your organizationEmployee turnover. Lost work days. Accidents.Inefficiency. These are just a few of the ways a bad hire can damage yourbottom line. The calculator below can help you estimate the costs your company incurs for making a bad hire.This bad hire calculator accounts for the cost of advertising the position, HR staffing costs, interviewing time and salary plusany relocation and training costs. Bad Hire Calculator Cost to Advertise the Position 4 Number of ads 750.00 $ Price of each ad placed HR Staff Costs 25 Hours involved 44,800.00 Annual HR salary $ Costs to Interview 5 Number of candidates 3 Number of interviewers interviewed 40,000.00 Average salary of interviewers $ Productivity Losses 30,000.00 ENTER the positions salary $ Relocation Costs 9,708.00 ENTER 0 if relocation does not apply $ Cost of Training 3 Number of months spent training Total Cost of a Bad Hire $ 41,795.67*Averages were compiled from: USA Today 2004 Classified Advertising Rates; Workforce Management, March 2003: "Estimating theFinancial Value of Staffing-Assessment Tools" by Dr. Charles Handler and Dr. Steven Hunt; 2002 SHRM/EMA Cost Per Hire Survey; HRMagazine, November 2003: "HR Compensation Special Report"; Workforce, January 2001: "The Importance of Cost Per Hire" by BarbaraDavison.Site Map | Privacy | Legal© 2006 Automtic Data Processing, Inc. All rights Reserved

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