Everyone knows that turnover of good employees is costly, but do you know the cost in dollars and cents? There are two kinds of costs in the hiring process: direct and indirect. The biggest problem is that “cost to hire” is money spent invisibly - the costs are not on any financial statement and no one cuts a check to cover them.
Think about the last time you lost an employee you wanted to retain. You know, the one you knew could handle challenges, solve problems, and sooth customers. The one you really trusted. The one who hung in through belt-tightening, cutbacks, and unending requests to work harder, work smarter or just plain work longer. That employee.
The Employee Relations
Law Journal (Journal) has recently
published another study that underlines why resumes don’t
work and why they should not be trusted (Lies
and Damned Lies: Some Legal Implications of Resume Fraud and Advice for
Preventing It). Affintus has been a part of this discussion
for years and the proof keeps growing.