The Real Cost of an Open Position—And How Axiom Helps
As of February 2025, there are over 7.5 million unfilled jobs in the United States, according to the Bureau of Labor Statistics. Each unfilled position costs companies an average of $4,129 over a 42-day vacancy period, and for revenue-generating roles, the cost can skyrocket to as high as $7,000–$10,000 per month. The Hidden Costs of […]
The Real Cost of a Bad Hire
Hiring the wrong person for a job isn’t just an inconvenience; it’s a business expense that can ripple through your organization. The consequences of a bad hire often go far beyond what most companies anticipate, from wasted resources to morale issues. According to research cited by Business News Daily, the financial toll alone can be […]
Is Your Hiring Practice Costing You More Than It Should?
Hiring the right talent is critical for business success, but it often comes with a significant price tag. According to the Society for Human Resource Management (SHRM), the average cost per hire is $4,683. Beyond this, research from the Center for American Progress found that replacing an employee can cost up to 21% of their […]
How to Attract Quality Candidates with Better Job Descriptions
Even the best hiring strategy can be sabotaged by a sub-par job description. A job description plays a key role in attracting quality candidates that have the experience and skills you need. A clear, relevant job description can help narrow down the applicants so you have less resumes to scour and a better chance at […]
What is the Impact of Technology During the Recruitment Process
Human resources departments have quite a variety of responsibilities on any given day. During a period of hiring, add even more tasks to their list. Advancements in technology over the last few decades have continued to streamline the myriad of to-dos for human resource professionals. In recent years, technological developments have only accelerated change and […]
What to Do If You Hired the Wrong Candidate
Sometimes hiring mistakes happen, but it’s important to know how to handle it the right way. Here are some suggestions for making an internal transition work. Be Upfront About the Situation Simply hoping things will improve on their own isn’t a good approach to take because it will likely only get worse. This is the […]
