If your company has a turnover of 20% per year and all of your new hires are mediocre, it will only take 5 years for all of your entire workforce to be mediocre. The cost of a “bad hire” for a software engineer can exceed a million dollars, for a CEO it could be as much as $1.4 Billion (Ask Quaker Oats for example!).Assumptions About Recruiting:
- If you don’t recruit and select great people?you won’t have great employees. And without great employees you won’t have a great company.