Recruiting new staff costs 5,000


Recruiting new staff costs 5,000
Hiring a new employee can cost a company £5,000, according to new research.

A study by recruitment consultants Angela Mortimer has found that a combination of both hard and soft costs - for example advertisement fees and management time - create the expenditure.

The firm used its Cost of Recruitment Calculator to work out the figure. The calculator was developed to help companies recruit efficiently and cost-effectively, by allowing them to monitor the cost of hiring individual members of staff.

Richard Farmer, HR director for Angela Mortimer, commented: "It was useful to establish how much we actually spend on recruitment.

"This helped us to identify areas where we could improve our efficiency and streamline our recruitment processes to reduce the time to fill a vacancy."

Cass Business School, part of London's City University, was found to be spending more than £175,000 a year on recruitment following an assessment by Angela Mortimer using the Cost of Recruitment Calculator.

Related categories: HR / Recruitment.

Bookmark with:
Bookmark with: Digg Digg Bookmark with: Delicious Bookmark with: Reddit Reddit Bookmark with: StumbleUpon StumbleUpon Bookmark with: Google Google Bookmark with: Technorati Technorati Bookmark with: Netvouz Netvouz

See also:

Latest News:

Search News
News Front Page
Accountancy / Tax
Advertising / PR
Armed Forces
Aviation / Aerospace
Banking / Finance
Charities / Voluntary
Childcare / Youth
Construction / Property
Customer Services
Education / Training / Teaching
Emergency Services
Engineering / Electronics
Entertainment / TV / Theatre
Graduate Roles
HR / Recruitment
Health / Beauty
Hotel / Catering / Restaurants
IT / Internet
Insurance / Pensions
International / Overseas
Management / Business
Manufacturing / Industry
Media / New Media / Creative
Medical / Healthcare
Pharmaceutical Industry
Public Sector
Retail / Wholesale
Sales / Purchasing / Marketing
Science / Technology
Secretarial / PA / Admin
Skilled / Semi-skilled Manual
Transport / Logistics
Travel / Tourism / Leisure