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True cost of a bad hiring decision

KnackApp

Recruiting the best people is not easy and getting it wrong can have severe consequences for your business.

According to the US Department of Labor, poor hiring decisions can cost a company as much as 30% of the employee’s annual salary. A $100,000 salary could mean $30,000 wasted if you hire the wrong person and the lost momentum is priceless. This cost only goes up with seniority as salaries get higher and higher for employees with a longer tenure.

In addition to lost time and money, hiring mistakes can also kill morale and productivity. This is why it’s critical to get a hiring decision right the first time around.

While organizations and HR leaders have their own ways and means to judge the perfect candidate for a role, a pre-hiring assessment tool often makes the job easier.

Knack is more than a simple digital tool as it combines smart video games, cutting-edge behavioral science and artificial intelligence into a transformative technology based on analytics and neuroscience.

We’ve also developed Branded Knacks to identify high potential talent for leadership, software engineering, marketing, trading, surgery, teaching, R&D, student success and others roles. This empowers companies and organizations all over the world to “get it right” and build more effective talent pathways.

Are you interested in Knack for your company or organization? Reach out to us at business@knackapp.com for more information!

You can also create a free KnackApp for Business account and get started with our self-service platform.

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