Cameron Clarke
Recruitment Tips for Employees
18th March 2009
According to Searson Buck recruitment consultant Cameron Clarke, about 70 percent of most companies' assets are their staff.
"It's a matter of critical financial importance to ensure you have the right people in place," Mr Clarke said.
"The costs of in house recruiting are unknown and ongoing, but the cost of a bad hiring decision is at least double the salary for the position each year ongoing after the position is filled."
"You can assume, based on industry standards, that for each year of employment an employee of average effectiveness pays for their salary cost twice, while an ineffective employee results in a net loss up to the equivalent to their salary. So an effective employee is a net gain equal to their salary and an ineffective person is a net loss, then you can see what the result of your hiring decision will cost in the long run."
The good news is there are ways to reduce the immediate and ongoing costs of in-house recruitment.
Here are some tips:
- Plan for movement of staff
- Treat sourcing as marketing
- Use a more structured performance-based interview approach
- Don't hire weak candidates
- Improve the assessment process
- Use technology
- Dig deep
Take care of your reputation as an employer. Remember, the best want to work for the best.
