Hiring new employees isn’t cheap. In fact, a widely-held belief is that it costs six-to-nine months’ worth of salary every time an employer replaces an employee. If you multiply that cost by each time your business has experienced turnover, you could be in for a surprise at how much money your company actually spends to fill positions.
With the high cost of turnover, it’s especially important that you utilize the hiring and interview process to the fullest. Interviews, in particular, can help you make the right hiring decision, but you have to ask the right questions. It’s natural to question someone about what they’ve listed on their resume or what they think they’ll do in the future, but you need to go deeper than that. To hedge your bets on making the right hire, and keeping turnover costs minimal, it’s important to uncover a person’s character, work ethic, skill level, and personality. And, the easiest way to do that is to ask behavioral questions. Read More→