It takes a minimum of three months for a new employee to settle into a position, and for many jobs, at least a year to determine whether the person is a right fit. During this probationary period, not only is the new hire's productivity limited, but a great deal of your time and resources are being spent to help him/her hit the ground running as quickly as possible. This means that a bad hire is more than just an inconvenience: It's an expensive error and its cost really adds up.
Use the calculator below to get an estimate of how much a bad hire will cost your company and how it affects your bottom line.