Latest / Hiring & Firing with Fexingo: Recruitment, Performance, and Workforce Decisions
The Hidden Cost of a Bad Hire
Lucas and Luna drill into the real financial and cultural cost of a bad hire—beyond the obvious salary waste. Using a mid-size tech company case study, they break down the 6x rule of thumb for hiring mistakes, including onboarding time, team morale, and opportunity cost. Lucas shares a startling stat: a bad mid-level hire can cost a company over $500,000 in direct and indirect losses. Luna pushes back on whether the 'hire slow, fire fast' mantra actually works in practice. They also discuss a specific example from a SaaS firm that hired a VP of Sales who didn't fit the culture…
The skinny
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