As business leaders, we are very successful when it comes to making decisions regarding technology, equipment, marketing, and sales. Why don’t we have the same success when it comes to hiring? The key is viewing hiring as an investment. Too often, hiring decisions are made based on “intuition” or a “gut feeling.” As with any other business investment, there should be a process for researching and evaluating the options. You wouldn’t buy a new piece of equipment or invest in new technology without a strategy, process and calculating the ROI, why should hiring be any different?
Take a look at this chart, and examine the ROI of hiring right.