What do bad hires in personnel selection cost you?

The capital lost annually due to wrong hires is substantial. HR experts agree: a bad hire typically costs around three times the annual salary. According to estimates by the Federal Association of Personnel Consultants, the amount spent on mis-hires in Germany is approximately 25 billion euros per year.

These costs are composed of applicant management, opportunity costs, and a reduced work performance of the candidate. Potential damage to the company's image caused by incorrect hires or lost revenue are not include

Personnel decisions are among the most important decisions in a company. Especially for key positions, the consequences of incorrect placements are particularly critical. They affect the performance, company culture, and success of the entire organization. This is especially true for personnel development. Poor personnel development leads to high costs, ties up resources, and leaves valuable potential within the company untapped.

How can you minimize the risk?

Selecting the right new employees, as well as recognizing and successfully utilizing the potential of existing employees, are challenging tasks for any company. To recruit as precisely as possible, it is essential to independently assess measurable skills, personal behaviors, attitudes, and motives of the candidate.

The highest level of certainty is achieved through the use of personnel diagnostics methods.

Personnel diagnostics identifies measurable differences between candidates and employees in order to make informed personnel decisions. It relies on methods and research findings from psychology. These methods are significantly more accurate in their predictions than what we commonly refer to as "people skills," intuition, or experience when selecting or assessing individuals.

Through professional personnel diagnostics, candidates and employees can be assessed more precisely and neutrally, ensuring that personnel decisions are backed up. The investment required is minimal compared to the costs incurred from incorrect decisions. This way, you save time and money!

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What are the benefits of personnel diagnostics for your company?

Your selection and development processes are drastically shortened and made more cost-effective, thereby professionalizing them.
Potential assessments are no longer based on personal sympathies or perceived "people skills," but on measurable personality traits of candidates.
The alignment of your employees with the specific requirements of each position is enhanced.
You safeguard your personnel decisions.
Your personnel development measures become strategically planable and budgetable.
Your personnel development measures are targeted and align with the actual development needs, rather than applying a "one-size-fits-all" approach.