Singapore bosses think 50% of employees are 'bad hires': survey

While top talents are a measly 10-30%.

According to a survey by RecruitPlus, 99% of the 4,000 employers who answered felt that their organization carry certain percentage of bad hires, from 10% to a whopping 50%.

Conversely, only 64% of the same respondents felt that their companies have Super Performers, ranging from 10% to 30% of their workforce. This group of individuals usually comes from 1) referrals, 2) recruitment agencies & 3) job boards.

All respondents believe the Super Performers are capable of handling the job of 2 to 5 bad hires and will not mind paying them 10% to 30% more salary vis-à-vis bad hires. 93% of the respondents would be keen to consider a tried-and-tested assessment tool if that can guarantee those Super Performers.

The survey shows that companies can benefit more by having more Super Performers and lesser Bad Hires. Given that 1 Super Performer can take on the job of 2 to 5 Bad Hires, the payroll savings is significant even if you have to pay more to sustain the Super Performer.



More From Singapore Business Review
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3822+0.002+0.15%
    USDSGD=X
    1.5369+0.0027+0.18%
    EURSGD=X
    2.0198+0.0037+0.18%
    GBPSGD=X
    80.5057+0.5209+0.65%
    SGDJPY=X
    5.6206-0.0066-0.12%
    SGDHKD=X
    2.9768+0.0124+0.42%
    SGDMYR=X
    9,868.3262+28.8076+0.29%
    SGDIDR=X
    4.7603+0.0031+0.07%
    SGDCNY=X
    0.9912+0.0005+0.05%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,205.00-17.70-1.45%
    GCQ16.CMX
    15.95-0.39-2.37%
    SIN16.CMX
    79.41-2.71-3.31%
    ^XAU
    2.10-0.01-0.36%
    HGN16.CMX
    49.22-0.26-0.53%
    CLN16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.39+0.04
    ^FVX
    1.85+0.03
    ^TNX
    2.65+0.02
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.300.00-1.64%
    N21.SI
    0.143+0.005+3.62%
    5DM.SI
    0.765+0.030+4.08%
    G13.SI
    0.795+0.055+7.43%
    5HJ.SI
    3.92-0.01-0.25%
    Z74.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.525+0.070+15.38%
    BJE.SI
    0.18+0.01+3.45%
    BGK.SI
    1.30+0.12+10.64%
    BDV.SI
    0.88+0.08+10.00%
    G41.SI
    0.27+0.02+8.00%
    BDU.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.35-0.03-9.09%
    42E.SI
    0.181-0.017-8.59%
    BDN.SI
    0.26-0.02-7.14%
    5SY.SI
    0.335-0.025-6.94%
    BFU.SI
    0.29-0.02-6.45%
    H19.SI