Hiring

The economy is recovering. Almost a million jobs were added to the US labor force last month. But it's not cheap to hire someone. The Society for Human Resource Management says the process to hire one new employee costs around $4000. Human Resources expert Peter Cappelli says a lot of that money is wasted because companies are doing hiring all wrong. Capelli is a professor of management at The Wharton School at the University of Pennsylvania. (Originally aired on Jan. 8th, 2021)