Hiring takes time. Hiring takes resources. Do you know how much it costs your company? (And what you should factor on to reduce those costs?)

1. Do You Know How Much
It Costs Your Company to
Hire a New Employee?

2. From advertising and recruiting to
onboarding and training, the cost of hiring
a new employee can be astronomical.

3. In fact, a survey by Deloitte pegs the
average cost per hire at nearly $4,000.
Do you know how much new employees
are costing your company?

4. Advertising a Job Will Cost You

5. Advertising and promoting jobs costs
money. It also costs personnel hours to
spend time sourcing emails for viable
candidates on platforms like LinkedIn.

6. Interviews Aren’t Free

7. Managers have to cut into their
productive hours to spend time
interviewing candidates. The more
candidates you see, the more
productive time you lose.

8. New Employees are a Cost Center

9. New hires are not as productive as existing
employees because they are still learning.
A SHRM study reveals that businesses
spend an average of six to nine months’
salary replacing an employee.

10. Additionally, you’ll spend a bundle during
the onboarding process, including
benefits enrollment, completing tax
forms, reviewing NDAs and going over
other essential paperwork.

11. Firing an Employee Eats
Into the Bottom Line

12. Firing an employee can be a costly
process. Some of the most common
expenses include paying for accrued time
off, severance, and continuation coverage.

13. Trust Accurate
Personnel With
Your HR Needs

14. Fortunately, there is a way to
control your hiring costs.
Let Accurate Personnel handle direct hire, contract and
temporary staffing needs and help you protect your bottom line.