When filling positions you’ll find that it pays to hire the right candidates and to do so in a timely manner. It’s a fine line between making a quick hiring decision and taking the time to shift through all available candidates to find the one that is the most qualified. Being picky is necessary, but if you wait too long your company could suffer some serious setbacks and losses in the process.
A professional search partner will save you money in the long run, however, if you’re worried about the cost associated with using a professional partner, let’s consider the cost of not partnering with one. In 2016, the Society for Human Resource Management(SHRM) reported that the average cost-per-hire for companies is $4,129 and an average of 42 days to do so.
Other factors adding to the cost of losing an employee:
- Interviewing, screening and hiring
- Lost productivity and employee burnout
- Office culture impact
- Training and management time
- Customer service and errors
- Lost engagement of current employees
You can save time and money with a professional search partner that can pinpoint and feed you appropriate candidates quicker than you could on your own time. The partnership speeds up the process (reducing down the average of 42 days) and ensures immediate results and long-term success. Leveraging executive search partners allows you to get the right hire onboarded faster.
For additional information, please email Chris Hillmanor call (815) 261-4403 x 100