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Estimates vary depending upon who you ask, but for higher level positions, you could be looking at anywhere from 50-20050-200%eir salary to replace them if you make the wrong hiring decision.
While taking a chance on a blind date might result in a bad evening, there's absolutely no doubt that making a wrong hiring decision can haunt your company, your other employees and your client base.
In the case of a wrong hiring decision, the new recruit will be unproductive, and the employer will have to pay to fire that person and to hire and train yet another worker.
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DETROIT — When everything seems to be going wrong, hire Jerry Seinfeld, bring back Ferris Bueller and pray.
They have always seemed to draft the wrong players, hire the wrong coaches and make the wrong moves on the field.
I'd say I went through a spate where I made the wrong hires.
The wrong hire will not succeed, no matter how much [you] train them.
A few years ago, a senior staff member of mine made the wrong hire.
It's costly, stressful and time-consuming to manage the consequences of a wrong hire.
The wrong hire can be costly, while the right hire can be buried under an ever-growing stack of CVs.
("Stop being afraid of failure and start embracing it," the organizers of FailCon, an annual conference, implore, suggesting that, in the era of disruption, innovators face unprecedented challenges. For instance: maybe you made the wrong hires?) When an established company succeeds, that's only because it hasn't yet failed.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com