Hir­ing costs more

The Weekend Australian - Travel - - Career One -

EM­PLOY­ERS hop­ing to hire skilled em­ploy­ees can ex­pect to spend more, a Hud­son sur­vey shows. About 56 per cent in a sur­vey of more than 4700 hir­ing man­agers say their re­cruit­ment costs have in­creased by 50 per cent. More than 80 per cent say hir­ing time has in­creased. About 27 per cent re­veal it now takes an av­er­age six more weeks to hire an em­ployee.

‘‘ Two ma­jor con­trib­u­tors to in­creased costs are the need for man­agers to spend more time iden­ti­fy­ing and se­cur­ing tal­ent, and the loss of pro­duc­tiv­ity when roles are left un­filled for long pe­ri­ods,’’ says Hud­son Aus­tralia and New Zealand man­ag­ing di­rec­tor Gary Laz­zarotto.

‘‘ Re­cruit­ment costs are based heav­ily on the sup­ply-and-de­mand prin­ci­ple and in a com­pet­i­tive mar­ket it’s nat­u­ral to see over­all costs in­crease. The short sup­ply of tal­ent has placed the can­di­date in a bet­ter po­si­tion to ne­go­ti­ate on is­sues in­clud­ing salary and ben­e­fits, which also has a sig­nif­i­cant im­pact on the cost of re­cruit­ment,’’ he says.

‘‘ To­day the very best can­di­dates will have a num­ber of of­fers avail­able to them at any one time. As an em­ployer, if you’re not of­fer­ing an at­trac­tive em­ploy­ment propo­si­tion and your re­cruit­ment process is not ef­fi­cient, you risk los­ing can­di­dates to a com­peti­tor.’’

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