Recruitment drive

The HR Dept is warning business owners about the cost of recruitment. The whole process could be much more expensive than first imagined, with a recent report revealing that on average recruitment costs employers over £30,000 per employee.

This staggering amount has been calculated considering the cost of recruiting and absorbing a new employee, taking into account the cost of lost output while a new employee learns the ropes in a new role.

The report was compiled by Oxford Economics, and highlights inevitable expenses which employers may not have thought of when budgeting for staff expansion or replacement. Some of these costs include:

  • Hiring temporary workers before the replacement starts (£3,618)
  • Management time spent interviewing candidates (£767)
  • Recruitment agency fees (£454)
  • Advertising the new role (£398)
  • HR time spent processing replacement (£196)

The HR Dept said: “Recruiting a new member of staff can put a strain on a business. Working with SMEs, we know how precious time and money are to business owners.

“There is no one-size-fits-all approach to recruitment, but there are processes, tips and tools to use to maximise the outcome – getting the right person for the job. Bringing someone on board to help with the process can save a lot of time, money and stress, allowing business owners to focus on their business.”

Date:
Friday, April 25, 2014
]

Preventing People Problems

Subscribe to our monthly newsletter

Office Address: CENTRAL OFFICE, The HR Dept. Ltd, First Floor, 3 Brook Office Park, Emersons Green, Bristol, BS16 7FL | VAT Number: GB821928327 | Registration Number: 04479417

Copyright © 2007 - 2019 The HR Dept Ltd. HR DEPT is a registered trademark belonging to The HR Dept Limited.

Please complete your details and we will be in touch soon.

If you are an employee please click here.

Please let us know what you need help with below.We'll be in touch as soon as we can.

[forminator_form id="245332"]