Description: The right employees are essential to the success of your business, no matter your industry or growth stage. But for an early stage startup, the importance of your team can’t be understated. When you’re just starting out, every employee is a key employee. The wrong hire can cost you a lot of time and money to find and train their replacement. In fact, the U.S. Department of Labor found the average cost of a bad hire is up to 30% of the employee’s first-year earnings.
Date: Jan 15, 2021
Questions for discussion:
- What does the report say to managers looking to improve their organizations?
- What do you think about this thinking and advice?