MBA2057 The Cost of Firing an Employee + Free Ride Friday
The $100 MBA Show
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The Cost of Hiring a New Team Member
Consider this cost. When you hired this team member, ok? And this is especially important if they're in a highly sought after position like an engineer or a designer or management. There's a good chance if you tried to hire for this position today, you're going to pay much more for that position than you did two years ago. In some cases, 20 to 30, sometimes even forty % more. People forget that until they start putting job adds and realizing, oh, i'm not competitive with this price range. I need up the salary to find somebody who's good. So this is a cost you got to keep in mind when you fire. But before that, let me give
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