Discover Your True Recruitment Costs
Hiring the wrong people can cost more than you think.
Use our Yearly Recruitment Costs Calculator to quickly see how much your business is spending on recruitment,
including hidden costs like staff turnover, training, and lost productivity.
Get a clearer picture in under a minute. Try it now – it’s free and instant.
Non-measurable costs of poor employee retention ·
Suboptimal performance of an employee in the time before leaving (days, weeks, months). ·
Suboptimal performance of a new employee until they worked in (weeks, months) ·
Suboptimal performance of the team in the time leading to a departure of an employee, recruiting and absorbing a new employee (weeks, months, longer?) ·
Higher chance for customer dissatisfaction and complaints due to all the above (cost of dealing with complaints, refunds, discounts, loss of clients). ·
Higher chance for customers leaving the business (in some industries) when a certain employee is leaving. ·
Smaller chance to recruit better people due to the bad reputation of the company. ·
Transferring the company’s assets to the competition (product knowledge, sales techniques, etc).
The other side of the coin: Retaining an unsuitable employee – immeasurable costs ·
Suboptimal performance of the team ·
Loss of customers ·
Costs of mistakes and complaints ·
Increased sick leave costs.