Hiring Quick Facts

54% of companies have used an executive recruitment firm to hire mid- to senior level employees

50% of Canadian colleges and universities require a signed release before they will release information about a person’s educational background

30% of all resumes contain a mistruth or falsification according to survey by InfoCheck

28 times the employee's annual base compensation is the estimated cost of a mis-hire by an employer. This cost increases significantly with the level of the individual. This cost includes recruiting, training, salary loss during the disciplinary process and potential litigation fees, among others

9% of executives who submitted resumes with spelling mistakes according to a 2003 survey of international recruiters

5 minutes is how long an executive takes to form a first impression in a job interview

5 Number of minutes executives say they spend reviewing a resume they receive

Source: Compiled by CPSA’s Sales Resource Centre