Menlo Park, Calif. — Nov. 8

Managers asking themselves "Where does the day go?" may now have an answer.

Chief financial officers recently surveyed by Robert Half International said that on average supervisors spend roughly 17 percent of their time — nearly one day per week — overseeing poorly performing employees.

However, managers aren't the only ones to suffer the effects of a bad hire. Ninety-five percent of respondents said a poor hiring decision at least somewhat impacts the morale of the team, with 35 percent saying morale is greatly affected.

The survey was developed by Robert Half, a specialized staffing firm. It was conducted by an independent research firm and is based on interviews with more than 1,400 CFOs from a random sample of U.S. companies with 20 or more employees.

Source: Robert Half International