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Talent attraction, identification, hiring and retention has been a source of constant challenge to organizations and HR managers. The challenge will continue to stretch organization resources. Given the modern challenges, Staffing managers will need to not only hire fast but the right person. Delays will lead opportunity losses. Demands from the line has been identified as one of significant contributors for wrong selection decision not withstanding the gap that exists between demand and supply.
What does wrong selection can cost your company?
As per data the costs could be close to 3 times the recruitment cost. Let us show you how you stand to lose….
Cost of recruitment includes :-
Cost of attraction of potential candidate
Cost of organization resources – staffing team member cost, infrastructure cost – space, bandwidth, postage, telephone, etc.,
Cost of miscellaneous – local travel of staffing member, etc.,
Reimbursement costs paid to potential candidates
Organization managers cost
Cost of on-boarding & training
Psychic engagement cost, etc.,
The data above suggests that “ all the above could add up to 3 times the cost of actual hire” … should you like to take a chance now?
Call TRAC’s TriMetrix ™ certified consultants to help your organization bridge the gap between eligibility & suitability criteria for various jobs.