Do you know how much it’s costing you to identify, screen, hire, and train new employees? We mean really know how much this is costing you? According to recent findings by the Institute for Research on Labor and Employment.: Replacing a single employee can cost between $2000 and $7000 – or more! Some estimates for upper-level positions put the figure at 100-150% of the position’s salary. What happens if that employee doesn’t work out and leaves your organization after only a short time? You’re right back in the vicious, expensive hiring cycle.
Every organization is looking for ways to identify top candidates who know their stuff and can be up to speed on job tasks quickly. But most online employment assessment services are geared for large corporations, with high rates, longterm commitments, and tests that are irrelevant to the needs of small and medium-sized businesses. We found the same thing again and again as we tried to improve our hiring process over the last several years. We just wanted relevant, reliable pre-employment tests that we could quickly and easily manage online.