Budget season is upon us! It’s about this time of year that many business leaders are knee deep in reviewing their financial plans for the upcoming year. While they scrutinize operational costs and forecast revenue growth, one area often gets overlooked: the real cost of not having the right people in the right roles.
Year after year, leaders face the same struggles—high turnover, missed revenue targets, and people in roles they’re simply not suited for. Yet, many stick to outdated methods, avoiding the new ideas and technologies that could actually solve these problems.
So let’s break down what that actually means, and the impact it’s having on their organizations.
The High Cost of the Wrong People
The pain of having the wrong people in key positions is real—and it’s expensive. Whether it’s the salesperson who just can’t close deals, the manager who can’t lead effectively, or the employee who’s disengaged and uninspired, the wrong people drain resources.
Remember, poor performers don’t just miss their own targets—they also drag down team morale, cause inefficiencies, and can cost you customers. And if other team members are relying on their outputs for their own, it’s a giant domino effect. The results can be catastrophic.
Think about the missed revenue when a top performer leaves because they’re frustrated by a lack of team support or poor leadership. Depending on your industry, losing a top performer can impact your bottom line, client or vendor relations which can result in impact of millions of dollars in revenue for years. Not to mention the turnover cost, which is significant. Some estimates suggest replacement fees are 1.5 to 2 times an employee’s salary. And worse, the ripple effects can linger, leaving a trail of missed opportunities and lost revenue.
Yet, despite these glaring issues, many leaders continue to rely on the same old hiring practices and hope for different results. Why? Because trying something new can feel risky. But what if staying stuck in outdated methods is the real risk?
People Are the Key to Success—And You Can’t Afford to Get It Wrong
Your people are the lifeblood of your company. Despite what some would have you believe, strategy is all well and good but you need the right people in place to make it happen the way you’ve envisioned it. But getting the right people in place—those who will perform, stay engaged, and drive results—takes more than just intuition or good intentions. It takes the right tools, insights, and willingness to explore new approaches.
The reality is that traditional hiring practices have left many businesses stuck in a cycle of reactive hiring, costly turnover, and missed performance targets. But it doesn’t have to be this way.
Imagine a future where you can predict with near certainty how much a new hire will contribute to your bottom line in the first three years or how long they’ll stay with your company.
Would you believe me if I told you that the tools to achieve this already exist? Yet too many leaders are afraid to step outside their comfort zones and embrace them.
New Ideas, Proven Solutions—A Game-Changer for 2025
At PeopleBest, we’ve developed AI-driven solutions that do just that. With 88-90% accuracy, we can predict how much revenue a new hire will generate or how long they’ll stay in their role. We’ve helped clients double their revenue in a year by focusing on getting the right people into the right positions. These aren’t just theoretical outcomes—these are real results, driven by advanced technology that takes the guesswork out of hiring and retention.
But here’s the truth: every year, leaders grapple with these same challenges. They know the pain of poor performers, they see the cost of turnover, and they feel the strain of misaligned teams. Yet, many remain hesitant to explore the solutions that could finally break the cycle. Why? Because embracing new ideas can feel uncomfortable.
The Possibilities for 2025—If You’re Willing to Change
The good news? 2025 doesn’t have to be another year of frustration and missed targets. With the right planning, the right tools, and a willingness to embrace innovation, it can be the year your business achieves its people’s goals like never before. Imagine the possibilities—higher revenue, longer tenure, more engaged employees, and a thriving culture of performance. By budgeting for smarter hiring practices and proven AI technology, you’re investing in solutions that deliver results.
The choice is clear: stick with the same old methods and face the same challenges, or take bold steps toward new ideas that offer nearly guaranteed outcomes. PeopleBest’s predictive solutions can make this a reality. The question is, are you ready to open the door to new possibilities?If you want to discuss what those opportunities might look like for your organization, feel free to reach out!
