Organizational Sherlocks, a Business Psychology podcast
S3Ep9 - Beyond Luck: Data-Driven Approaches to Better Hiring Decisions
March 20, 202648 min · 8,659 words
Show notes
Is hiring really about luck, or do the best organizations create their own odds? In this episode, Elizabeth Fleming and Morgan Ashworth explore the common narrative of “lucky hires” and why relying on chance can be costly for organizations. They unpack the hidden risks of poor hiring decisions, including impacts on team performance, culture, and long-term business outcomes.
Highlighted moments
it can be a very expensive talent strategy if you're relying solely on luck.
“there are estimates that at, in a conservative level that it's 30% at very conservative level, 30% of their annual income. And so I always give this example to the, the clients that I work with when they ask me about the ROI of doing an assessment prior to hire is like, if you think about it as a $50,000 annual salary, if you lose that person, conservatively, it's about $16,000 that you've spent to recruit on board or recruit higher on board.”
Transcript
Transcript not available for this episode yet.
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