Category: Recruitment

The Cost Of Recruitment

by

Tanya Willette

The growth of the e-recruitment industry has been fuelled by the adoption of technology and internet penetration. Organizations have cut costs by almost 80% over traditional recruitment modes by moving over to the online recruitment process. Recruiting online is ideally more focused, fast paced, effective, and gives higher ROI on administrative expenses.

The costs associated with manual recruitment can become quite excessive, partly because of the candidates that are produced. One bad candidate can cost a company more than ten times that individuals salary, and heres why: Recruitment Cost #1: Work Load When a person leaves, someone has to do their job. If an employer has not yet hired another employee, they are forced to pay their current employees overtime. This as we know, costs twice as much! The manager must also stop what they are doing so that they may determine a game plan and find individuals willing to work overtime. Recruitment Cost #2: Exit Interview When a person leaves, someone has to stop their current job in order to conduct an exit interview. They also have to arrange for the payroll to be stopped, benefit deductions, benefit enrollments, and other administrative responsibilities. It is very time consuming! Recruitment Cost #3: Advertisements Lots of wasted money is invested into newspaper ads, online ads, job board site fees, and other avenues that may be pursued. Often times employers receive recruitment company offers, spam replies, temp agency replies, everything they dont want and nothing they do. Recruitment Cost #4: Interviewing It takes time for an internal recruiter to review candidates resumes, schedule phone interviews, perform background checks and conduct a face-to-face interview. Aside from time, internal recruiters arent free and they arent cheap! Recruitment Cost #5: Lost Productivity Aside from not having anyone to fill a position, other individuals are forced to spend less time on their job and more time on additional tasks. Whether it is the manager, accountant, administrative staff or general employees, everyone is producing less! Recruitment Cost #5: Training Not only do you have to train a new employee but you have to pay them during training. Further, the individual doing the training has to stop what they are getting paid to do so that they can show the new person the ropes. Recruitment Cost #6: New Hire The new hire has to be added to payroll, registered for benefits, and added to the schedule. The company has to pay employment taxes and invest money into training. This can be very expensive! Recruitment Cost #7: Effort Because the new hire hasnt been fully trained, the work that they produce wont quite be up to par. For at least the first month, their focus is on improvements.

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Article Source:

ArticleRich.com

Los Angeles has always been the center of the entertainment industry, buzzing with cutting edge technology, creativity, and innovation. Out of this grew Los Angeles’ vibrant community of advertising agencies. With the wide range of so many top advertising agencies in Los Angeles to choose from, discerning which are the best is important.The top advertising agencies in Los Angeles share some key characteristics that separate them from the crowd.1) Creative ThinkersLos Angeles’ top advertising agencies are full of incredibly creative thinkers. To keep on top of the newest, freshest trends, they are constantly thinking outside the box, inside the box, and all around the box. They not only have creative ideas for their advertising plans, but they also have the ability to apply creative problem-solving skills to avoid hurdles that may turn up along the way.2) Excellent CommunicatorsBeing creative is only half of the job. The top advertising agencies in Los Angeles all employ excellent communicators that can work cohesively with their clients. They know how to listen carefully, and how to ask pertinent questions to get into the depth of their clients’ needs. They have the ability to really understand what the clients’ goals are.Excellent communicators also explain their project plans in a clear and concise manner. They don’t use jargon or confusing terminology that might be clear to those in the advertising industry, but not to their clients. The clients always have a clear understanding of the agency’s plans and how those plans will fit in with the client’s own goals.3) PassionateThe top advertising agencies in Los Angeles are incredibly passionate about their work and their clients’ successes. They love what they do, and they love the challenges that each new client presents them with. Passionate agencies attract passionate employees who are at the top of their games. These types of employees will go above and beyond in order to satisfy the client.4) Data savvyData is such an important part of modern advertising. The top advertising agencies understand the importance of data. They have the ability to really drill down into it and extract the information they need to guide their clients towards a successful advertising campaign. The top advertising agencies in Los Angeles use data to know their clients’ customers, industries, and competitors almost as well as their clients do.5) ExperienceThe top advertising agencies in Los Angeles all have extensive amounts of diverse experience. They got to the top by working hard for many different clients. Along the way, they gained valuable knowledge that they utilize to hone their performance for each new project. These agencies attract employees with excellent resumes to further enhance their collective knowledge.All of these characteristics are important, but advertising agencies that excel in all areas really shine. It is in the mix of all of these – thinking creatively, being exceptional communicators, working with passion, understanding the data and having excellent experience – that really push the exceptional advertising agencies in Los Angeles to the top of their game.