IN THIS SUMMARY
In any business, hiring and retaining the best employees is the key to long-term success. Often, hiring the wrong people can waste money, hurt morale, and undermine competitiveness. Taking into account recruiting costs, salary, bonuses, benefits, and training expenses, any six-figure hire can reasonably be viewed as a million-dollar investment. In Million-Dollar Hire, David Jones delves into aspects of the hiring process that are less commonly understood. Most importantly, he explains how the value of a potential employee can be measured as rigorously as the output of a new machine. Using insights from organizational psychology, probability theory, quality control, and risk management, Jones argues that a better hiring system will produce a quantifiable, bottom-line payoff.