Hiring the right talent is the cornerstone to success, no matter what your business is
Hiring the wrong talent is not only a risk to your reputation and long-term success – it’s also pretty pricey. 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, according to statistics from HR.com.
The average cost of a bad hiring decision can equal 30 per cent of the individual’s first-year potential earnings, says the U.S. Department of Labor and Statistics. And 66 per cent of employers said they experienced negative effects of bad hires in 2012. Of these employers, 37 per cent said the bad hire negatively affected employee morale, found the National Business Institute.
When it comes to hiring the right HR talent, professionalism matters. Hire Authority, Canada’s largest job board for HR, can help with that. An HRPA member-exclusive service, only members can apply to jobs through the Hire Authority website. Posting a job ad on Hire Authority guarantees you are reaching a specialized, targeted pool of top talent – what better way to find high-quality, designated professionals than to go straight to the source?
Find out more by visiting www.hireauthority.ca.
Get an edge on the competition
Do you have project-based work, ever-increasing workloads or are you just in need of a little help? HRPA can connect you with the brightest and best young HR talent through our paid internship program, HRPA Edge. Offered in partnership with Career Edge Canada, HRPA Edge connects employers with enthusiastic, early-career CHRP-designated professionals seeking to gain valuable experience. Through HRPA Edge, finding great talent is flexible, cost-effective and virtually risk-free – and it’s a win-win scenario for both the intern and employer. n
Find out more by visiting the HRPA Edge page on www.hrpa.ca.