The cost of a bad hire, Sadly CV fraud is real and in the UK it is said to cost companies £24 billion. And recently in South Africa we had Dr Mshushisi Daniel Mthimkhulu being ordered to pay the Passenger Rail Agency of South Africa (Prasa) R5.7-million in damages because he had been hired based on a fabricated CV.

Despite these statistics and frightening costs we find that companies often skip over the vetting of candidates and ignore the employee screening policies.

To help you understand the actual cost a bad hire we have created a calculator for you to see exactly what it would cost if that new recruit does not work out properly.

Cost of a bad hire calculator

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