Early on in my HR career, I was taught a valuable lesson. The first 90 days of employment will determine if a new hire will make it in the company long term. According to MIT’s Sloan School of Management, studies show the cost of hiring and training people to be anywhere from 1.25 to 1.4 times their annual salaries.
Hiring well is very important to the financial stability of a business. As a result, in HR we were coached to look at any new employee for the warning signs of a subpar performer and then to do our best to correct the person fast. Otherwise, we were instructed to let him or her go within the 90 days.
In fact, all our employment contracts had a 90-day clause stating that employment…
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