Scientists Explain All Your Dumb Hiring Decisions

You've definitely heard of cognitive bias by now, but you might still be surprised how deep it can run.

You probably don't need a reminder of how much bad hires can hurt—but here's one anyway: Some research suggests that each bad hire leaves employers with a monetized loss of over $50,000 in productivity. It's also been estimated that replacing bad hires—especially those with specialized skills—can cost companies several times workers' annual salaries.

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