What is the cost of a bad hire in South Africa?

A bad hire not only impacts the overall productivity and culture of an organisation but also costs companies thousands to remove and replace. And with studies finding that companies already spend over 3 months to make a single hire, organisations want to avoid wasting any additional time making a bad hire. Download this whitepaper by Wamly to find out about three key facts and costs of bad hires.

Key facts about bad hires:

  • Organisations that lack a standard interview process are five times as likely to make a bad hire.
  • Organisations that invest in a strong candidate experience improve their quality of hires by 70 percent
  • Organisations that invest in employer branding are three times more likely to make a quality hire.

Six costs of bad hires in SA:
Culture cost
Financial cost
Time cost
Upskilling cost
Manager cost
Reputational cost

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