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Why We Developed Hire Smart Recruiting Software?

We believe that the way companies become great is by consistently hiring great employees. To find the perfect candidate for the job, we beleive that you have to dig down deep beneath the surface. So before you send out that offer letter, evaluate your next candidate using Hire Smart Recruiting Software.

“You can’t be common, because the common man goes nowhere; you have to be uncommon.” 

Herb Brooks        


The Cost of Bad Hiring Decisions

  • The average cost of a bad hiring decision can equal 30% of the individual’s first-year potential earnings. (From the US Department of Labor and Statistics)

  • The successful aren’t immune, and they’ve had to learn from their mistakes. Zappos CEO, Tony Hsieh once estimated that his own bad hires have cost the company well over $100 million.

  • 66% of employers said they experienced negative effects of bad hires in 2012. Of these employers, 37% said the bad hire negatively affected employee morale. Another 18% said the bad hire negatively impacted client relationships. And 10% said the bad hire caused a decrease in sales. (A study from the National Business Research Institute)

  • 43% of respondents from the same NBRI study cited the need to fill the positions quickly as the main reason that bad hires are made.

  • It costs $7,000 to replace a salaried employee, $10,000 to replace a mid-level employee, and $40,000 to replace a senior executive. (From HR.com)

  • As much as 80% of employee turnover is due to bad hiring decisions. (From Harvard Business Review)

  • 36% of 1,400 executives surveyed claimed that the leading factor of a failed hire, aside from performance problems, is a poor skills match. The second leading factor at 30% was unclear performance objectives. (Study done by Robert Half)

  • 41% of companies polled by Vitamin T Staffing Firm estimated that a bad hire cost more than $25,000, and 1 in 4 said that it cost them over $50,000.

  • SayIt Communications calculated the ROI of a bad hire at -298%.

  • 75% of the demand to hire new employees is simply to replace workers who have left the company.

Source: Green Job Interview


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Recruiting

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Employee
Evaluation
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Peer to Peer
Evaluation
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Organization
Benchmarking
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Use Hire Smart to evaluate candidates for your organization and compare their scores against the crowd of candidates.


Improve your company performance by evaluating your employees using Hire Smart and comparing their scores against scored of the historical crowd.


Let employees quickly evaluate each other using Hire Smart in order to understand the working dynamics of your organization.


Set minimum Hire Smart scores for all your new hires and current employees in order to create a great organization.

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Tony Hsieh: Bad Hires Have Cost Zappos Over $100 Million

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