What follows is a concise summary of over a dozen academic studies over the last few years. Their conclusions are largely mixed on overall results but fairly consistent on critical success factors.
Improving Business Performance through Better People
Decisions, Management and Engagement: A Discussion
What follows is a concise summary of over a dozen academic studies over the last few years. Their conclusions are largely mixed on overall results but fairly consistent on critical success factors.
"The U.S. Department of Labor has estimated the costs to replace an employee to be approximately 1/3 their annual salary; but when you start looking at the impact of hiring the wrong employee and having to replace them, some studies say 2.5 times annual earnings, some 4 times and some even higher." AGILEdge