It is a well-known and unfortunate truth that human error is one of the greatest obstacles to achieving organizational success. We see the detriment of human error in the form of money lost and time wasted. To a certain degree, it is inherent in almost every single organization, but savvy companies, both large and small, are utilizing technology to their advantage in the constant fight for excellence.
Human error costs us money on a daily basis. A company with 100,000 employees loses a staggering average of $62.4 million per year through human error, and each year it costs the UK and the USA combined a total of $37 billion. Case studies and unfortunate episodes appear [...]
Onboarding is important: Time is money and the time it takes to get your new employee up and running can cost you big. Recruiting, training, benefits and workplace integration are just a few of the costs of your new hire. The full cost to get your new employee completely integrated into your workforce can be between 1.5x and 3x their salary.
Finding your new hire can end up being easier than getting them to stay, so how do you make sure your investment does not go to waste? It all starts before they even walk in the door, with your onboarding process.Employee retention & addressing employee turnover
The cost and time involved in the recruitment process makes [...]