Just recently, I was talking with a HR expert who works in Executive placement in larger companies. I asked him to estimate for me what it costs for a company to have the wrong person in a role and have to hire another person or to hire a person who is a bad fit for their team who only last 6 months? He estimated that it costs at least $100,000 to the company in lost salary, momentum and reputation (having 3 people in a role within 12 months). Of course that figure could be far higher depending on whether the company was depending on this person to launch a major product or handle a major account. This is an example of how the ‘Soft Skills’ are critical to a company…
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