An Evidence-Based Approach to Reducing Workforce Turnover

Hiring takes precious time and resources: Most companies spend an average of 42 days filling a position and another 90 days to onboard. When all is said and done, it can take up to 12 months for new hires to reach their full performance potential, even when given the most thorough training — so it’s no surprise many companies are on a constant quest to hire faster.

Hiring can make or break an organization. A staggering74% of companies say they’ve hired the wrong person for a position — a mistake that can be incredibly costly and time-consuming. According to Harvard Business Review, 80% of turnover is due to bad hiring decisions. 

Every company has its own unique hiring strategy, with some methods working more effectively than others. And while career sites, job boards, and recruiters all have their place in the process, these tools don’t always solve the top challenges of today’s talent acquisition leaders: hiring candidates who lack soft skills, are a poor fit for the role, or change their mind about the job.