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Missing the Train

Please note: This item is from our archives and was published in 2007. It is provided for historical reference. The content may be out of date and links may no longer function.

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Missing the Train
T he typical U.S. company spent nearly 50 times as much to recruit a professional making $100,000 a year than it did to train that person. Across all compensation levels, U.S. companies spent $1,415 in recruiting costs for every $10,000 of new-employee pay. But the median training expense per full-time worker was only $288. Larger companies did worse: Enterprises employing more than 5,000 spent only $109.

Source: Deloitte Research, It’s 2008: Do You Know Where Your Talent Is? www.deloitte.com .