One Bad Hiring Costs Indian Companies over 20 Lakh: Survey

In terms of loss of productivity due to a bad hire, China was at the top (57 percent), followed by Russia (45 percent) and India (42 percent) in the top three.

China was on top in terms of negative impact of bad hiring on client relations, as well as for adverse impact on sales, while India was at second place on both these metrics.

Brazil saw the worst impact on recruitment and training costs because of bad hiring. It was followed by the U.S., India, China and Russia in this regard.

However, India fared relatively better at fifth place after China, U.S., Germany and Japan in terms of negative impact of a bad hire on the morale of other employees.

The survey was conducted online within the U.S., Brazil, China, France, Germany, India, Italy, Japan, Russia and the UK by research firm Harris Interactive on behalf of CareerBuilder among 400 to 2,611 hiring managers and HR professionals in each country.

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