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Can you afford to pay 13 times more in current salaries?

Posted By Denise McMahan, CausePlanet, Thursday, October 06, 2011
Updated: Thursday, October 06, 2011

Peter Drucker once said, "The ability to make good decisions regarding people represents one of the last reliable sources of competitive advantage, since very few organizations are very good at it.”

Most organizations are terrible, if not inconsistent, at hiring. This is not a good thing at all since talent matters more than any other resource in a nonprofit. Numerous studies report that the most successful companies are those run by leaders who understand that people are the most important part of the business equation. Despite these reports, CEOs still do not prioritize the hiring process and end up losing precious time and money. Losses in recruiting, training, and productivity can be staggering—up to 13 times that person's salary and more for managerial or revenue-generating positions, says Erling.

Dan Erling is the author of our new Page to Practice™ feature this month at CausePlanet: Match: A Systematic, Sane Process for Hiring the Right Person Every Time.

"Most organizations will tell you that having the right people..." Read more

Tags:  Dan Erling  hiring  management  Match 

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