Monday, 11 November 2024

The Real Costs of Recruitment!

Are you aware of the real recruitment costs? Recruitment costs are way more than what you expect and we're not just talking about job listing fees. As per stats, hiring a mid-level employee can set you back over 1.5x their annual salary. This estimate is excluding the cost of training, lost productivity or the toll on the team morale caused by unexpected ghosting! 

Companies pay the following real costs :-

1] Time sucked into endless candidate screenings. 

2] Brain cells lost over ‘right fit’ debates. 

3] Sleepless nights with onboarding pains. 

4] Average hires forcing a restart to the cycle. 

Every bad hire could mean up to 30% of an employee's first year salary going in vain. Imagine how disastrous a loss it would be if the blunders are repeated frequently? It's not cheap! 

So to avoid spending budgets in covering losses, choose AideWiser to handle the heavy lifting of recruitment because who has time or budget for guessing work? 

What's the biggest recruitment expense you've encountered?