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The Cost of Vacancy: $68,182 – $90,682 each month the NP or PA role is open. It costs them more each month –when its longer into the search
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The cost of hiring a ‘B Player’ versus an ‘A Player’: $311,567.98 for an NP or PA.
“Nothing matters more in winning than getting the right people on the field. All the clever strategies and advanced technologies in the world are nowhere near as effective without great people to put them to work.” Jack Welch-CEO of General Electric
Jack Welch employed all these methods when he grew GE in the 80s and 90s. He went from hiring 20% ‘A Players’ to 80% in 3 years using these methods. Because of this GE went to $130 billion from $1.5 billion.