New Report: The Hidden Costs of a Bad Hire

RedBalloon launched a groundbreaking report that outlines the hidden prices of a foul rent – prices that transcend the typical price ticket of almost $21,000 {dollars} unwinding a foul rent.

“A nasty rent impacts office tradition like a match to dynamite,” mentioned Andrew Crapuchettes, CEO of RedBalloon. “However companies are falling into the ‘availability fallacy’, as HR groups more and more overlook deadly flaws in the one obtainable candidates on this tight labor market.”

A plurality of employers have reported misplaced productiveness, compromised high quality of labor, and destructive office morale as being amongst the steepest prices of a foul rent.

Different contributing components to modern-day office upheaval are the 60% of American employees who’re afraid to talk up within the office, document low worker engagement, and a surprising 96% of employees who say that they’re in search of a brand new job in 2023.

“There’s an absolute correlation between the excessive variety of staff who’re sad and disgruntled within the office, the excessive variety of staff saying their in search of a brand new job, the tight labor market, and the speedy improve in dangerous hiring prices,” continued Crapuchettes. “Your entire ecosystem of the American office is being turned on its head, and we’re seeing survey numbers about lack of engagement, misplaced productiveness, and total dissatisfaction between staff and employers – numbers which are off-the-charts.”

Obtain the report right here. If you need to schedule an interview with RedBalloon CEO Andrew Crapuchettes, contact Isaac Lopez at (208) 997–8013 or isaac@redballoon.work.

Based In 2021, RedBalloon has rapidly turn out to be America’s largest connector of employers and staff who prioritize a optimistic office tradition free from the divisiveness of cancel-culture mandates. RedBalloon CEO Andrew Crapuchettes is a longtime enterprise chief, entrepreneur, and innovator who has based a number of profitable tech corporations and is extensively thought-about a worldwide pioneer within the growth and use of labor market information analytics – an business he helped discovered over 20 years in the past.