{"id":30,"date":"2011-09-29T22:41:49","date_gmt":"2011-09-30T03:41:49","guid":{"rendered":"http:\/\/efgintelligence.com\/dealershipcorridor\/?p=30"},"modified":"2013-08-23T15:46:59","modified_gmt":"2013-08-23T20:46:59","slug":"efg-companies-explains-the-cost-of-a-poor-hiring-decision","status":"publish","type":"post","link":"https:\/\/efgintelligence.com\/dealershipcorridor\/efg-companies-explains-the-cost-of-a-poor-hiring-decision\/","title":{"rendered":"EFG Companies Explains the Cost of a Poor Hiring Decision"},"content":{"rendered":"

Have you ever made a poor hiring decision?\u00a0 Have you hired a staff member that within a few days or weeks you knew that you made the wrong decision?\u00a0 Have you allowed that staff member to continue with the hope they would catch on with additional\u00a0auto sales training<\/a>, only to realize that decision was costing you money by not\u00a0increasing your auto sales<\/a>?\u00a0 Most people have made these mistakes not once but over and over again.\u00a0 What hiring managers fail to realize is\u00a0the actual cost of that poor hiring decision<\/a>.<\/p>\n

Figure the Cost<\/strong><\/p>\n

Most auto dealerships offer any new hire a 90-day guarantee to make sure the salesperson does not starve while they are in auto sales training.\u00a0 This allows the staff to fully participate in training and learn about\u00a0increasing auto sales<\/a>, without having to worry about having a check at the end of the week or month.\u00a0 For the new hire, it is like getting free money in his or her pocket.\u00a0 It is an investment the company makes with hopes of getting a great salesperson out of the process, but this training period is not free to the dealership.<\/p>\n

Advertising, interviewing, and new hire training can cost a company approximately $8,000 or more.\u00a0 If that new hire only performs at 50 percent compared to your successful salespeople, this can cost the dealership approximately $44,000 over the 90 day guarantee period. Failure to ensure service tickets by not producing higher sales can cost you another $23,000-plus.\u00a0 This means that just in the first 90 days alone a\u00a0poor hiring decision<\/a>\u00a0can cost you in excess of $75,000.<\/p>\n

Recruiting and hiring the right people is the number one hurdle for most dealerships.\u00a0 This ranks above maximizing service revenue and increasing store traffic. Most dealerships do not have the time or personnel resources to perform this task efficiently or effectively.\u00a0 Let\u00a0EFG Companies<\/a>, a firm with more than 30 years of performance management and recruitment experience, perform this task for you.\u00a0 Having worked with over 1200 dealerships, we have the tools and knowledge needed to hire the right sales staff that will produce\u00a0increasing auto sales<\/a>. Our high quality auto sales training will have everyone on your staff, regardless of experience level, exhibiting the customer service skills that will ensure repeat customers for years to come.\u00a0 Do not let a\u00a0poor hiring decision<\/a>\u00a0cost you and your dealership money.<\/p>\n","protected":false},"excerpt":{"rendered":"

Have you ever made a poor hiring decision?\u00a0 Have you hired a staff member that within a few days or weeks you knew that you made the wrong decision?\u00a0 Have […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4,3],"tags":[8,313,10,11,27,314],"class_list":["post-30","post","type-post","status-publish","format-standard","hentry","category-dealership-recruiting","category-the-transcend-group","tag-dealership-recruiting-2","tag-efg-companies","tag-phd","tag-poor-hiring-decision","tag-recruiting-top-performers","tag-the-transcend-group"],"aioseo_notices":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p7hsqu-u","jetpack-related-posts":[],"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/posts\/30","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/comments?post=30"}],"version-history":[{"count":3,"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/posts\/30\/revisions"}],"predecessor-version":[{"id":271,"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/posts\/30\/revisions\/271"}],"wp:attachment":[{"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/media?parent=30"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/categories?post=30"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/tags?post=30"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}