"Wrong Recruitment Decisions Expensive" says report
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Hiring someone who ultimately isn’t up to the job was cited as the most common business failing by small and medium sized enterprises (SMEs) in the UK. That was one of the findings from the ‘However Big Your Ambition’ report by VW Caddy, commissioned to understand the common mistakes made by SME owners. The report calculates that mistakes and bad decisions cost them an average of £2,340 every year.
“We’ve been aware of the hidden cost of recruitment for many years,” says Richard Owen-Hughes, Driver Hire’s Group Marketing Director. “Even if the new recruit fits in well, when you factor in the time spent producing a job description, advertising, reviewing CVs and conducting interviews there’s a considerable investment in time.
“This survey has confirmed what we’ve been saying for a number of years: that it’s better to use a specialist recruiter such as Driver Hire,” Richard continues. “We’ll do all the initial work, produce a shortlist of candidates for interviews and even assist with the final decision. Of course employers can also use a ‘try before you buy’ approach which removes a lot of the risk in recruitment. In other words use a temp to see if they’re up to the job. If they are, you can then negotiate a temp-to-perm fee and offer them a permanent position.”