New research shows that 22% of new recruits leave companies within the first six months of them starting. This high turnover is thought to be costing the UK employers market £69m per year. This statistic means firms are paying recruitment costs on these hires twice in a year.
Cost per hire can be reduced by hiring direct and only 25% of businesses use job boards to hire. It may also benefit firms to hire on a temp to perm basis. This would reduce the potential turnover considerably!
Posted on October 26th, 2008 by Fraser
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