External Recruitment Cost Control

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Talent Management

21 February 2019

Let's face it…. Recruiting is expensive.

1 min

 

The average cost per hire is:

$43,000 for Senior Executives
$17,000 Managers/Professionals
$13,300 for Technical Staff
$3,300 for Administrative / Support Staff.
Cost Breakdown
Direct Recruitment costs:
During the application process, candidates use:
80% Job boards
63% Search engines
62% Recommendations
39% Government sites
To recruit, you must have a presence on:
75% Emploi Quebec
85% Jobboom
58% Indeed
53% Linkedin

Paid or sponsored ads, human time, and visibility on these websites are essential… but also expensive!

Indirect costs of a high turnover rate:

A regular lack of organization in teams, a loss of productivity, recruiting costs, and costly and hard to organize training sessions.
Why not capitalize on your in-house resources?

Even though 75% of organizations claim to offer career progression opportunities, 50% of works don’t think they have any.
Organizations can see nearly 50% of their workforce change over 3 years.

It’s in your best interest to control your turnover rate by investing in true Internal Talent Management, as well as creating work conditions that meet your employees’ expectations.

Find out more about how to better manage your workforce from hire to retire, with a modern Talent Management Suite designed to fit your industry best practices.

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