The True Cost of Filling a Job Position

HR Question: We have an open position, but recruiting is competing with my other responsibilities. I know there’s a cost to hiring, but what is the cost of delaying the hire? When should I consider outside recruiting support so I can get the role filled quickly?

 HR Answer: What most employers need to realize is that the biggest recruiting cost isn't always recruiting. It is vacancy. 

Organizations often focus on what it costs to recruit someone while overlooking what it costs to leave a position unfilled. Every day a critical role remains vacant can impact productivity, customer service, employee morale, project timelines and revenue generation. In many cases, the hidden cost of vacancy exceeds the direct cost of recruiting. For the hiring manager, time is also diverted from strategic priorities during this time, as well.

Please select this link to read the complete article from OSAP Member Clark Schaefer Strategic HR.