The Best People Investment is the Right People
As hiring ramps up, it’s a common refrain from talent leaders that the goal of the talent function is yet to be realized. This, of course, refers to getting the right people into the right roles at the right time. It’s a task that proves more difficult than it would seem on the surface and one that costs businesses a great deal of money. The most common estimate you hear is that it costs at least 30% of a person’s first year salary for the organization to part ways with the wrong employee and once again go in search of the right one. Many say that this estimate is actually on the low side when you factor in costs associated with onboarding and training, the impact on team morale and the drain on productivity that comes with the hassle of coping with a bad hire. Technology is helping to address these issues, but how it gets plugged into the talent function is vital to its success. During a session at our recent HR Tech North America event, Emmersion’s Head of People, Paul Thatcher...