Business Advice

SmartCompany investigates: What’s the real cost of high or low performers in your business?

SmartCompany /

A recent SmartCompany poll indicated 67% of business owners admit they make mistakes when hiring, and this can be costly.

According to Workplace Info the cost of someone leaving your business within the first 12 months is worth upwards of 50% of their annual salary. For those earning more than $150,000 a year that number climbs to 66%. For many businesses, this is not an insignificant amount.

Be a part of the research: Tell SmartCompany how your business handles hiring and firing.

Moreover, the effects of bad hiring can have a trickle-down effect, with staff morale dipping and productivity dropping as a result.

When you consider the real costs – be that time, energy or cash – of hiring people or losing staff, it stands to reason that recruitment, and retention, is something small businesses must get right.

This is why SmartCompany is conducting a major survey, so that we can provide insightful articles to help your business thrive.

For everyone who completes the survey, we’re offering a $300 voucher from our partner Performia, to help you take a step back and review the productivity and performance of your team, and the processes at play behind some of your most important decisions. Plus, one lucky entrant will win a $4500 Performia voucher to transform their business.

Complete our survey and receive a $300 voucher to boost the productivity of your business. 

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SmartCompany

SmartCompany is the leading online publication in Australia for free news, information and resources catering to Australia’s entrepreneurs, small and medium business owners and business managers.

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