You’re probably very well aware that good employees make your company more successful. After all, it’s often through employees that you find sustainable growth. A bad employee on the other hand, is an entirely different story.
When you hire a bad worker, you can plan on losing about 30 percent of that person’s first-year of potential earnings. So, this means if the person is expected to make about $30,000 during his or her first year, you’ll be losing upward of $9,000. Take three or four bad workers, and the losses add up very quickly.
To combat the problem of hiring the wrong workers, many companies are seeking out alternative hiring methods. And with Google turning to emotional intelligence like it has over the past couple years, it makes perfect sense that these companies are turning to it as well. Emotional intelligence involves five major components:
- Social skill
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