Guarantee You’ll Never Make a Bad Hire Again
EntreLeadership
Ramsey Network
4.7 • 4.4K Ratings
🗓️ 6 May 2026
⏱️ 8 minutes
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| 0:00.0 | What's the cost of hiring the wrong person? You might think it's just a few months of wasted salary. |
| 0:11.0 | Nope. Try a hundred grand per team member. That's what it can cost you in lost time, missed |
| 0:19.7 | opportunities, and cultural damage. |
| 0:22.3 | And for business owners like you and me, that's not just a setback. |
| 0:26.0 | It can actually wreck your momentum. |
| 0:28.9 | But there's a way to avoid those expensive mistakes, having the right hiring process. |
| 0:35.0 | On this episode, Entree Leadership's John Falcons is going to break down the exact |
| 0:39.3 | process we use to make great hires. Let's get into it. |
| 0:45.3 | We've all done it. We've all made a hire we regretted. Maybe they look great on paper. |
| 0:50.3 | Maybe they even crushed it in the interview. But once they were on the team, we regretted hiring them. |
| 0:56.0 | They didn't carry their weight. |
| 0:57.0 | They stirred up drama. |
| 0:59.0 | When this happens, you can feel it in your gut, in your team, and in your bank account. |
| 1:04.0 | That sinking feeling, that what have I done moment? |
| 1:08.0 | That's the pain we're talking about. |
| 1:09.0 | And there's a reason this hits so hard. Bad hire can cost you in four different ways. First, it's freaking expensive. That hundred grand, Dave mentioned? That's not a guess. Gallup says replacing a team member can cost up to two times their annual salary. And with the average salary now over $60,000, |
| 1:29.0 | that means every bad hire could be draining at least $120,000 from your business. |
| 1:34.9 | But the cost doesn't stop at the bank. |
| 1:36.9 | Number two, a bad hire hurts your culture. |
| 1:40.0 | When you let the wrong person on the bus, the whole team feels it. |
| 1:43.2 | For one, if the person can't get the work done, someone else has to pick up the slack. |
| 1:48.7 | And if we don't do something about that, that's called sanctioned incompetence. |
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