Wrongful termination lawsuits are real and do cost companies hundreds of thousands of dollars. Here are the facts reported by the Bureau of Labor and Statistics:
- 80% of lawsuits that make it to court are won by the plaintiff
- The average lawsuit judgment is over $800,000
- The average settlement out of court is over $500,000
Here’s an example of how much you invest in the average job posting.
|
Step |
# Candidates |
Time Per Person |
Time Invested |
|
Resume Review |
50 |
5 minutes |
250 minutes
|
|
Phone Screen
|
10 |
20 minutes |
200 minutes |
|
Preparation for First Interview |
5 |
20 minutes of scheduling and paperwork
|
100 minutes
|
|
First Interview |
5 |
90 minutes for interview + 20 minutes for internal discussion = 110 minutes
|
550 minutes
|
|
Second Interview |
3
|
60 minutes |
180 minutes |
|
Reference Screening of Final Candidate
|
1 |
100 minutes |
100 minutes |
|
Preparation of Offer Letter and New Hire Paperwork
|
1 |
30 minutes |
30 minutes |
|
TOTAL TIME
INVESTED |
|
|
Nearly 24 hours |
And you’re still not guaranteed the RIGHT candidate! If they don’t work out, it will require an average of 3 – 6 months of documentation and hassle for you to dismiss them without a lawsuit – and start the whole process over again.
Artemis Staffing Augmentation provides a smart alternative to this investment. Our process offers less risk, proven results, and your satisfaction is GUARANTEED!