The Harvard Business Review stated that over 80% of employee turnover can be attributed to poor hiring choices.
Many companies have run into this situation before; they spend weeks or even months looking for the right candidate, setting up rounds of interviews, and sometimes even flying or boarding a group of candidates before making a hire. This whole process takes the attention of half a dozen people and hundreds of hours are spent (application sorting, scheduling, interviewing, doing reference checks, etc.). Then a few months or maybe years into the job, the company realizes that this person isn't the fit they were hoping for and they're back to square one. While it's obviously frustrating to have to re-hire for a position, what's even worse is the money that this (mis)-hire costs the company.
Download our cost calculator to see how much a potential mis-hire could cost you.