According to Oxford Economics it takes almost 28 weeks for a new employee to blossom into their full potential!
Why the Best Recruiters Save you Money!
If companies think hiring a skilled recruiter sometimes has too high a price tag, wait until they experience the cost of hiring an amateur, or not hiring one at all.
With the average cost of replacing an employee suggested to crest £30,000, there’s a very good reason recruiters are worth their salt.
According to Oxford Economics it takes almost 28 weeks for a new employee to blossom into their full potential which is why, if after 14 weeks you find your candidate is the wrong fit because they haven’t been properly vetted, then the cost is going hurt when you have to repeat the process.
Time is money
It’s an old adage that holds true in business, and instead of obsessing over how much a recruiter will cost, it’s a question of how much money you might lose by not using one.
You’re essentially paying to outsource the time of drafting up a job description, distributing it across the right channels, sifting through CV’s, vetting the candidates, interviewing them and dealing with all the other ancillary tasks that go hand-in-hand with the recruitment process.
It’s fair to say that the best candidates for a role are more often than not, those that are not actively looking.
A skilled recruiter will have their finger constantly on the pulse of various networks so that they know who the best candidates are, where they are and the right approach and means to draw them out.
The more suitable the candidate is for the role the less they need to learn and consequently, the bigger savings on training costs.
A costly mistake
A recruiter is there to pair the right talent with the right role, the more adept the recruiter the quicker and better quality the result.
When speed is a necessity, as often is the case with replacing staff, you want someone who is professionally tasked with talent acquisition to handle the recruitment process. Otherwise, employers may fall into making a hasty decision that in turn will cost them more in the long run.
Once a candidate’s in the door it’s then the job of the employer to keep them there.
So if you are looking to increase your headcount or would like a free consultation please make contact with one of dedicated consultants at +44 (0)203 004 9596 or send an email to email@example.com