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Cost-Cutting Tip: Retain Great Supply Chain EmployeesBad hires are a big problem. Three in four employers have hired the wrong person, according to a recent CareerBuilder survey. That kind of mistake is costly—with companies losing an every of $14,900 on every bad hire. Employers said that choosing the wrong people resulted in a lot of challenges including reduced productivity, the opportunity cost of not being able to recruit and train other workers, and lower work quality. "It's important to note that there's a ripple affect with bad hires. Disengagement is contagious — poor performers lower the bar for other workers on their teams, and their bad habits spread throughout the organization," said Rosemary Haefner, chief human resources officer at CareerBuilder. "The best thing hiring managers can do is put in the time and effort on the front end to make sure they have the best available pool of applicants for every job opening. And, just as importantly, have good procedures in place for evaluating candidates." Take a look at the infographic at the bottom of this page to explore other survey findings and learn about common mistakes and how to avoid them. What are you doing to retain your best talent? Let us know in the comments section below.
— Hailey Lynne McKeefry, Editor in Chief, EBN Related posts:
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More Blogs from Hailey Lynne McKeefry
The advent of processor options based the RISC-V Instruction Set Architecture (ISA) may delight electronics engineers and designers, but open-source hardware presents a number of opportunities for enhanced supply chain and procurement efforts as well.
In a recent webinar, SiliconExpert Market Insights: Counterfeit Risk & Mitigation Thought Leader Panel Discussion, industry thought leaders discussed and debated the path forward to combatting the increasingly large problem of counterfeit components.
Electronics OEMs have less than a year now to comply with California's new and very stringent data privacy laws. It's never too early to start worrying about it.
Jabil has introduced a solution for creating, integrating and validating custom engineered materials for additive manufacturing to help 3D printing emerge as a useful manufacturing technology.
We sat down with founder and CEO of Sourceability Jens Gamperl to talk about how his company is developing a new distribution model that focuses on being a technology platform.
EBN Newswire
EBN Dialogue / LIVE CHAT
![]() EBN Dialogue enables you to participate in live chats with notable leaders and luminaries. Open to the entire EBN community of electronics supply chain experts, these conversations see ideas shared, comments made, and questions asked and answered in real time. Listed below are upcoming and archived chats. Stay tuned and join in!
Archived Dialogues
![]() Live Chat 01/15: CPOs Re-Shape Their Business Roles
Increasingly chief procurement officers (CPOs) are re-shaping their organizational role to focus on creating results far beyond cost controls. A new IBM survey explores how. ![]() Live Chat 11/12: Examining the Cyberthreat to Supply Chains
The number of cyberattacks is on the rise and hackers are targeting the supply chain. Drew Smith, founder and CEO of InfoArmor, will be on hand to discuss the reality of today's threat landscape and what to do about it. |
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