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Tech Insights: Don’t swallow the cost of bad technical hire

A recent study by Harvard revealed that as much as 80% of employee turnover is due to “BAD HIRE”. Another research states that the cost of a bad hire is at least 30% of the employee’s first-year salary. Put these numbers together and imagine the mammoth cost of bad hires that industries such as banking & financial services, hospitality, etc. where the turnover rates are high, swallow. Hence it is critical to hire the right candidate for the right job.

And this fact gains increased importance when it comes to hiring specialized roles like technical roles where the global competition is fierce and IT recruiters may not have the right background to be able to reveal actual project experience during interviews. The most widely adopted IT screening methods sacrifice the quality of the assessment for a quick turnaround and are limited to gauging technical competency only.

eTeki is a marketplace where “Buyers” are HR professionals, hiring managers and the “Service Providers/Sellers” are freelance IT professionals delivering technical interviews.

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