These findings serve as validation that organizations need to be constantly looking for talent and building a talent pipeline, so that when an opening does arise, they aren???t forced to fill it hastily. Instead, they have a community of professionals they already have screened as a good fit, both in terms of skills and culture, for the company.
Also, after looking at the cost of hiring the wrong person, organizations might want to consider working with a recruitment process outsourcing firm (if they haven???t already) to handle the process for them. The cost of working with a provider is less significant than that of a bad hire, and with recruitment as their sole function, the likelihood of even having a bad hire decreases as well.
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