This was the direct cost reported by a survey of human resource professionals and does not include the cost of hiring others or paying overtime to perform the work of absent employees. You can be held liable for employees' behavior on and off the job You must know the nature of the people you hire because their criminal behavior could cost your business millions of dollars. In practice, these sources have proved inadequate for consistently selecting good employees. When selecting people for promotion, otherwise excellent employees have too often been miscast into roles they could not perform satisfactorily. The use of assessments has resulted in extraordinary increases in productivity while reducing employee relations problems, employee turnover, stress, tension, conflict and overall human resources expenses.
Several factors contribute to the failure of traditional hiring methods.
These realities are the reason interviews have become the most influential factor in hiring and promotion decisions. However, experience shows only a coincidental correlation between the ability to deliver well in an interview and to deliver well on the job. Even background checks don't help much. Unfortunately, many employers have accepted these poor results and the high cost of excessive turnover as a business reality. They have flown the white flag of surrender.