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The Cost of a Bad Hire Calculator

 

What Does it Cost You When a Salesperson Underperforms or Fails?

Use this handy tally sheet to help compute your costs.

Advertising, Recruiting, and Interviewing Expenses for Mis-hired Salesperson $
Advertising, Recruiting, and Interviewing Expenses to Replace Salesperson $
Failed Salesperson’s Salary $
Failed Salesperson’s Benefits $
Failed Salesperson’s Training Program and Expenses $
Office Equipment and Supplies $
Prorated Expense for Office Space $
Net Profit on Lost Sales $
Wasted Sales Management Time $
Wasted Administrative Time $
Time Required for Other Salespeople to Handle Failed Salesperson’s Miscues $
Time Other Salespeople Spent Being Distracted by Situation $
Customers Failed Salesperson Has Alienated $
Prospects Failed Salesperson Has Alienated $
Loss of Referrals from Alienated Customers and Prospects $
Qualified Prospects Not Properly Handled by Salesperson $
Morale and Other Problems Salesperson Generated $
Reimbursement for Travel $
Reimbursement for Expenses $
Wasted Expense for Related Consumables: Brochures, Sales Aids, Postage $
Special Purchases: Cell Phone, Laptop, Car, Etc. $
Time Spent in Worry, Frustration, and Anxiety $
Executive and Staff Time Involvement $
Time Spent in Meetings Dealing with Problems and Resolution $
Costs of Hiring Another Salesperson to Replace $
Legal Fees for Issues Surrounding Termination $
TOTAL

 

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