departures: It's no secret there have recently been some very high profile and very public management departures from local and national organizations as well as suspensions for perceived unethical expense claims by a group of senators recruited by their preferred political party. To be honest, if readers had the opportunity to examine any of these situations carefully, they would more than likely find that many of these departures can be traced back to poor recruitment and hiring decisions. In other words, the wrong people in the wrong job. , according to Winnipeg Free Press. However, on average, the cost of termination for any employee in any organization can range from three- to five-times annual salary with costs increasing as the level of personnel reaches senior levels. This includes costs for severance, organizational time to recruit a replacement, recruitment and selection expenses such as advertising, candidate travel and selection committee hours, candidate training and orientation and, perhaps, moving expenses. c MCT And not only do situations such as these cause public relations nightmares, they cost dollars and cents. For instance, as we have recently seen, the departure of a senior civic official can cost the organization upwards of $400,000. Yet, that doesn't include any behind the scenes financial fallout from earlier internal staffing shuffles, a decline in morale and productivity, resignations and departures from disgruntled staff that wouldn't be calculated in any final payout for a departing leader. And, it wouldn't include costs such as continued pension and/or health care benefits sometimes awarded to the departing individual for a period of time.
(www.immigrantscanada.com). As
reported in the news.
Tagged under departures, recruitment and selection topics.
17.11.13