\nCost per hire is the total sum of money needed to take on a new employee into your organisation. Including everything from internal to external costs. It is one of the most frequently used recruiting metrics, varying from business to business <\/span> Whilst understanding this metric is a bonus for improving the efficiency of your HR department, poor planning can potentially lead to bad hires, for example; according to\u00a0<\/span> The time and money spent managing potential hires is unknown. It is estimated that around 90-95% of companies underestimate how long hiring new employees really takes. From initial candidate conversations to exploring references and vetting CVs \u2013 using a recruitment agency like The ONE Group allows your HR function to take back time from the hiring process and focus more on other HR functionalities. Our specialist consultants are here to guide each candidate through the recruitment process and have time to invest in their journey with your company.<\/span>\n<\/p>\n Sourcing skilled employees with the ability to meet the gaps in your organisation is competitive and difficult, which is why more and more organisations are investing in technology to aid their recruitment process. With a staggering 15% of all HR costs attributed to recruitment\u00a0\u2013 using a recruitment agency allows your organisation to invest in what matters most to you, rather than costly application tracking systems, that recruitment agencies like The ONE Group live and breathe daily.<\/span>\n<\/p>\n
\n(depending on organisational size, infrastructure, and specific needs).<\/i>
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\n REC<\/span>
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\n\u00a0a mid-manger with a \u00a342,000 salary can cost the business over \u00a3132,000 if hired poorly, as a result of HR departments cutting corners in trying to find the \u2018right\u2019 employee.<\/span>\n<\/p>\n
\n Four ways we can help reduce your cost-per-hire<\/span>
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\n 1.\u00a0Effectively utilise your HR function’s time<\/span>
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\n 2.\u00a0Eliminate the need to purchase exclusive recruitment technology<\/span>
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