The Cost of the Wrong Hire

Cost of the Wrong Hire Calculator

Hiring the wrong person is painful and expensive. Find out just how much the wrong hire will truly cost with this calculator.

Step 1: Pre-Hire Direct Costs Calculation
This includes all costs to hire a candidate (before candidate start date).
Job postings costs (if applicable)
$1000 is a likely bare minimum if you aren't sure.
Recruiter Cost (if applicable)
20% of annual base salary is common if you're not sure.
Employee referral fee paid (if applicable)
Cost of employer-paid travel to interviews for non-local candidates (if applicable)
Cost of reviewing applications and phone screening candidates
Number of hours spent by all parties reviewing applications, phone screens, etc. $1250 is a likely bare minimum if you aren't sure.
Cost of interviewing candidates that passed the phone screen stage
Multiply the number of people by time spent by average $/hour for panel interviews and post-interview discussions. $2,000 is a likely bare minimum if you aren't sure.
Administrative costs, background checks, drug tests, etc.
$300 is a likely bare minimum if you aren't sure.
TOTAL PRE-HIRE COST
This includes all costs to hire a candidate (before candidate start date).
Next: Costs of the wrong hire AFTER they have started the job