"By hiring smart and staying current with hiring practices and technology, turnover is 80 percent avoidable. However, many companies still spend more time in choosing a fax machine, long distance carrier or photocopier than they do deciding upon a $50,000-a-year employee."
- Puget Sound Business Journal, Feb 9, 2001
"Do you have any idea what it costs an employer who hires the "wrong" person for a low-level position? $1,000? $5,000? $10,000? The final answer $15,000. Imagine how many times that figure gets multiplied if you hire the wrong person for an executive post. Few businesses can afford such expensive mistakes."
- Baltimore Business Journal, May 11, 2001
"When you add up the money spent on recruiting, hiring time, lost productivity, orientation, and training, turnover costs are about 150 percent of an employee's annual salary."
- Workforce, April 2002
"If your company were investing in a $150,000 piece of capital equipment…your managers would probably spend considerable time and effort to ensure a high level of value for their investment. So why aren't employers equally vigilant when it comes to making investments in human capital?"
