Hiring a new team member can be challenging. An oft-quoted stat from SHRM put the average cost per hire around $4,129 back in 2016. Since then, with a pandemic, remote work, and an ongoing employee crisis, the price has only gone up. Additionally, the need to maximize productivity is essential.
With so much capital going into the hiring process, it’s essential that you get your money’s worth out of each new hire. Of course, this translates to literal dollars and cents on a spreadsheet. But in your day-to-day managing activities equates to productivity.