1 in 8 new hires unsuccessful: SurveyEmployers failing to paint realistic pictures of jobs, candidates oversellingBy Amanda Silliker02/25/2013|Canadian HR Reporter|Last Updated: 02/22/2013 Many employers are questioning whether they made wise hiring decisions last year. On average, one in eight (14 per cent) employees in the past year were unsuccessful, according to research by Development Dimensions International (DDI).“It’s quite a poor number,” said Scott Erker, senior vice-president of selection solutions at DDI in Pittsburgh. “It’s very wasteful when organizations hire people that don’t work out. It’s damaging to the company because it costs a lot of money to hire and develop people.” It is estimated the cost of turnover is equal to three times an individual’s annual salary — although it is likely even more, said Danielle Bragge, managing partner and vice-president, Prairie region, at the Headhunters in Edmonton. Turnover also negatively affects morale, brand reputation and productivity, she said. To Read the Full Story, Subscribe or Sign In Remember Me Forgot Password If you are a current Subscriber, please click here to set-up or update your login information.