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This question is about average cost of a bad hire.
The impact of a bad hire includes wasted resources, lower employee morale, decreased productvity, and increased turnover. While a bad hire carries with it considerable financial waste, the impact on a team's morale is arguably more damaging, as produtivity suffers across the board with the position left unfilled or filled by someone who's a poor fit.
Job satisfaction can also suffer as employees lose faith that the people who make hiring decisions don't really understand what the team needs.

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