Reference checks: A wasted opportunity?

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in Hiring,Human Resources

When you’re interested in a job candidate enough to call his or her references, you’re considering making a serious investment.

According to CNN Money, the “loaded rate” of an employee includes the cost of benefits, taxes and insurance and is actually about 40 percent higher than his or her “paycheck rate.” (In other words, an employee who makes $14 per hour actually costs the business almost $20 per hour.) Further, the time, energy and productivity that go into getting a new employee up to speed underscores the value of offering the right job to the best candidate.

Though an interview can tell you a lot about a person, his or her references can be the real key to unearthing whether the employee is a fit—but only if you’re obtaining valuable insight from them. Here are six ways to beef up your reference checks:

1. Time your call appropriately. Mike Astringer, founder of Human Capital Consultants, says that strategically timi...(register to read more)

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