How to Cut Recruiting Costs

What’s the Answer to Cutting Costs and Improving Recruiting Efficiencies?

Recruiting and hiring new employees is often one of the more expensive parts of running a business. When you take the time to calculate resources like a hiring manager, recruiting efforts, and training, new hires can cost your organization thousands of dollars. So, what’s the answer to cutting costs and inefficiencies in your recruiting process? Consider Staffing Agencies For many companies, employing the help of a staffing agency can help minimize the overall cost to them when finding and hiring new talent. These agencies specialize in recruiting and selecting new employees for companies that don’t have the time or resources. They can also help make the process more efficient overall. Not to mention, many agencies focus on specific industries and lines of work. So, they are knowledgeable about what it takes to truly fill the position and get the job done. Whether you are searching for temporary workers, full-time staff, or other work ......

What Can an Unqualified Hire Cost You?

Most business owners have been here at some point: you just realized your new hire is not as qualified as you thought. This could be a nightmare if you spent time and money sourcing the new candidate. What can hiring someone who is unqualified actually cost you? Hiring Expenses First and foremost, it costs business’ money to find and source new employees. It can cost about $4,000 per new hire, on average. An unqualified candidate typically takes up more time and resources than a new hire who is well-versed in the industry. Training takes time and money as well. Small businesses spend about $1,500 on training a new employee. Each time an unqualified candidate is brought onto the team, that money is being wasted. Once you find a candidate who is qualified, you will need to train them. New Employee Salary When you hire someone new, you are paying a new salary. Sometimes ......