TheUnderCoverRecruiter.com calculates that a $62k a year employee that is fired after 2-5 years as being $840,000!
International Business Times says. "The financial cost of a bad hire can reach as much as 150% of the individuals first year compensation and up to five times for a bad sales hire". September 23, 2014.
Dr. Bradford Smart the author of Topgrading states, "The average cost of a mis-hire can be six times base salary for a sales rep, 15 times base salary for a manager, and as much as 27 times base salary for an executive".