A recent Australian study has revealed that it can cost up to 120 business hours to recruit a candidate, and that getting that recruit up to productivity may be around 50% of the individual\u2019s salary for the first three years!<\/p>\n
If that sounds excessive, it does depend on the nature of the business and the recruitment process but, for example, consider that an organisation\u2019s recruitment needs involve: writing a job description, advertising, reviewing and interviewing candidates, shortlisting, taking references, a probationary period and on-the-job training. On that basis, 120 business hours sounds quite conservative, doesn\u2019t it?<\/p>\n
Investing time to get the key elements right is vital. The job description has to be appropriate and realistic, interviewing has to be in-depth and relevant (no copying interview questions from the internet and hoping for the best!) and checking references and other due diligence must be comprehensive to avoid wasting time recruiting a dishonest, or simply disorganised, recruit.<\/p>\n
The right recruitment software can save many hours from this process, for example, a good applicant tracking system reviews and weeds out inappropriate (as in non-equivalent or non-verifiable) qualifications rapidly, allows for swift communication with each candidate and rapid and accurate recording of responses.<\/p>\n
The election results are expected to have a substantial effect on the recruitment industry, although not in an immediately obvious fashion. For example, those involved in employment law are suggesting that the potential Conservative-led coalition is unlikely to make substantial changes to employment law, although Brexit may lead to huge adjustments in both the regulatory framework and the practice of recruitment.<\/p>\n
The Chief Executive of The Freelancer & Contractor Services Association (FCSA) said that Brexit, plus the hung parliament, will create increased insecurity and that the incoming Government needs to be focused on putting employment and self-employment high on the governmental agenda to try and create some stability.<\/p>\n
Visa controls and border legislation, along with taxation, are high on the agenda for many contracting organisations who employ large numbers of people who work across national jurisdictions – such as couriers, drivers, flight attendants, pilots and fishermen. A concern about reactive changes to employment regulation or taxation has caused many to fear the impact of the General Election result, not least as DUP has some interesting taxation policies – such as reducing corporation tax and removing Air Passenger Duty tax entirely.<\/p>\n
Keeping pace with the changes to legislation and policy may require online recruitment software that is responsive to the uncertainty in the marketplace and in government. A recruitment platform that doesn\u2019t have the ability to keep pace with change is useless in today\u2019s fast-paced recruitment environment. Cloud recruitment software offers a cost-effective way to ensure that your recruiting platform is able to cope, whatever government changes are pending.<\/p>\n","protected":false},"excerpt":{"rendered":"
The true cost of recruitment A recent Australian study has revealed that it can cost up to 120 business hours to recruit a candidate, and that getting that recruit up to productivity may be around 50% of the individual\u2019s salary for the first three years! If that sounds excessive, it does depend on the nature […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-686","post","type-post","status-publish","format-standard","hentry","category-industry"],"_links":{"self":[{"href":"https:\/\/recruitsosimple.com\/blog\/wp-json\/wp\/v2\/posts\/686","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/recruitsosimple.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/recruitsosimple.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/recruitsosimple.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/recruitsosimple.com\/blog\/wp-json\/wp\/v2\/comments?post=686"}],"version-history":[{"count":2,"href":"https:\/\/recruitsosimple.com\/blog\/wp-json\/wp\/v2\/posts\/686\/revisions"}],"predecessor-version":[{"id":727,"href":"https:\/\/recruitsosimple.com\/blog\/wp-json\/wp\/v2\/posts\/686\/revisions\/727"}],"wp:attachment":[{"href":"https:\/\/recruitsosimple.com\/blog\/wp-json\/wp\/v2\/media?parent=686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/recruitsosimple.com\/blog\/wp-json\/wp\/v2\/categories?post=686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/recruitsosimple.com\/blog\/wp-json\/wp\/v2\/tags?post=686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}