You know that hiring and turnover are costly - but have you ever stopped to consider just how much they're costing your organization financially? A bad hire could cost up to 5X their annual salary. And as much as 80% of turnover is due to bad hiring decisions. There's an ROI on evidence-based and predictable hiring decisions, and we'll tell you what it is.
What Are Your Hiring Needs?
Current Number of Employees
What is the current number of employees in your organization?
Planned Number of Employees in 12 Months
How many employees does your company forecast to have in 12 months? If you don't expect growth, use the current number of employees.
What percentage of turnover does your company experience annually? According to 2016 studies by SHRM and CompData Surveys, the average company experiences an 18% turnover rate.
Average Number of Applicants Per Job Post
What is the average number of applicants for each individual position at your company?
Benefit of a Top Perfomer vs a Bottom Performer
What do you estimate (in dollars) is the benefit of hiring a top performer versus a low performer? The default value of $40,000 USD is based on the estimated additional output of a top vs. median employee (O'Boyle & Aguinis, 2012)
Being stingy with your budget isn't always a bad thing - especially when you can still splurge on high quality talent. Here's how you get the best of both worlds with Plum.
Saved By Avoiding Hiring Mistakes
Less work days spent on the recruiting process with plum