The expense involved in recruiting, training and onboarding a new employee who turns out to be a poor fit could be equivalent to 50% of that person’s first-year salary.
According to Anastasiia Kuzmenko, head of talent acquisition at Flyer One Ventures, “the biggest difference between hiring in a healthy economy and hiring now is that there’s no room for mistakes.”
Hiring the wrong person can create a cascade of failures inside an early-stage startup, which is why she recommends that founders focus on three essential metrics to “adopt a more data-driven approach:”
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- Cost per hire
- Time to hire<...
