No matter what stat you use, the cost of a bad hire is significant. To compensate for this risk, many employers make an equally costly mistake: they take too long to interview. A slow interviewing process can kill your chances of consistently hiring top talent. It’s one of the most overlooked and costly mistakes employers make with recruiting. Instead of overcompensating because of the risk of making a mistake, look at eliminating unnecessary steps and focus on how to interview more effectively.