Chapter 13. IT'S YOUR MONEY

When a business hires, it commits a great deal of money. Accounting rules don't view the results of hiring decisions as liabilities or assets, but they are. Sure, the company can withdraw a hiring decision any time it wishes, but typically it doesn't. The decision stands, and the financial investment continues. The money invested, your organization's money, adds up.

It doesn't take hiring a CEO to represent a million-dollar decision. Add up the consequences of a hiring decision, including the tenure expected of new hires, and a teacher, police officer, skilled tradesperson, sales professional, engineer, first-level supervisor, and hundreds of others easily represent a million-dollar hire.

As the example of the steps followed ...

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