Hiring the Wrong Candidate is Costing Your Practice 

Jul 12, 2022 | For Employers

A lot goes into recruiting, hiring and retaining talented orthopedic surgeons. And hiring the wrong candidate for your practice is costly. But do you know just how costly?  

Let’s look at one example…

Costs of Hiring the Wrong Candidate

The US Department of Labor suggests that selecting the wrong candidate can cost employers up to 30% of that hire’s first year of earnings. 

So let’s say you’ve hired an orthopedic surgeon making a median annual salary of $510,680 that turns out not to be a great fit.

By this estimate, the cost of a single hiring decision for your practice could be more than $150,000. On top of that, hiring a candidate that is ill-equipped for the job can lead to…

  • A loss of productivity
  • A need for additional supervision
  • Cultural damage that lowers morale
  • Lost revenue and patients
  • Top-performer burnout
  • Potential legal fees regarding unlawful termination or discrimination claims

The direct financial cost of hiring a candidate that simply isn’t a great match is steep. But so are the secondary effects that are more difficult to quantify. It all adds up quickly! 

Making the Right Hire Matters

The right hire for your practice is out there. Don’t rush through or settle for a mediocre candidate simply because you feel you’re running out of options. 

With myOrthoRecruiter, you can take all of the guesswork out of the hiring process and get real results at the same time. Instead of worrying about making a poor decision that’ll cost you in the future, you could see a return of 2500% on your investment in as little as one year!

Our knowledgeable recruiters utilize a proprietary database to screen candidates in your specialty. We go deeper than education and experience to understand a candidate’s career goals and values to ensure a cultural fit.  

Ready to leave hiring regrets behind? Contact us today to get started! 

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