Lucas James Talent Partners’ Post

💡 Ever thought about the real cost of hiring the wrong person? It’s not just about money, it’s about team vibes, productivity, and the heart of your organisation. Our latest report shows a whopping 75% of employers have had someone bail in their first year because it wasn’t a good fit. 📝 Check out this article that spills the beans on the true costs of mis-hiring and gives you the lowdown on how to dodge these issues. It’s all about making the hiring process slick, demonstrating your company culture, and getting the team involved in choosing their new colleagues. 🤝 Let’s shake up our hiring game to make sure everyone’s first impression is a good one and avoid the fallout from mis-hires. Give the article a read and drop your thoughts below. https://lnkd.in/eNQX-2mw #Hiring #Recruitment #TalentAcquisition #OrganisationalCulture

Work and Hire Smarter 🚨 Are you managing your hiring in-house? You might be costing your business more than you realize! 🚨 Many companies think handling recruitment internally is cost-effective, but it can lead to increased turnover, loss of productivity, and higher financial risks. With smaller staff and leaner organizations, finding top talent is harder than ever. Here’s a breakdown of the 3 main risks: 1️⃣ Increased Turnover A single bad hire can lead to poor team morale and higher turnover rates, which can be costly to your business. In fact, replacing just one employee could cost: $1,500 for hourly workers 100%-150% of the salary for technical positions Up to 213% of a C-suite salary 2️⃣ Loss in Productivity When internal employees handle hiring on top of their usual work, productivity drops. In fact, it takes an estimated 45 hours just to get a candidate through the initial hiring stages. 3️⃣ Significant Financial Investment From payroll to benefits, adding a new employee can pile on unexpected costs, especially if they’re not the right fit. 💡 The Solution? Outsourcing your hiring! At Stivers Staffing Services, we help businesses reduce costs and increase efficiency by managing the time-consuming aspects of hiring. With a 95% retention rate for our sourced candidates, we ensure the right fit the first time. Plus, with temp and temp-to-hire options, you can “try before you buy!” Ready to discuss how a partnership with Stivers can help you save time, money, and headaches? Let’s chat! #HiringSolutions #StaffingAgency #TalentAcquisition #RecruitmentStrategies #StiversStaffing #BusinessEfficiency #Outsourcing Have a great weekend.

Unlock Efficiency and Cut Costs in Hiring with Our Specialized Approach! 🚀 Are last-minute changes in job acceptance costing your business time and resources? In today's uncertain landscape, navigating the hiring process can be challenging. 💼 Discover a strategic hiring solution with us! Our proven recruitment specialists streamline the process, ensuring qualified and motivated candidates from the get-go. Say goodbye to the last-stage fails and hello to long-term, successful hires. Why Partner With Us? 🚀 - Accelerated hiring process - Comprehensive candidate management - Deep understanding of client culture and technical needs - Quick feedback loops for a compact interview phase Connect with Us for Efficient Hiring! 🌐 Ready to reduce uncertainty and hidden hiring costs? Let's set up a call to discuss how our specialized strategies can benefit your business. Send us a request on our contact form or DM us on LinkedIn. Your pathway to efficiency starts here! Get to know us better and learn more under this Article: https://lnkd.in/diqTMZhC  #Recruitment #HiringStrategies #Efficiency #CostReduction #BusinessSuccess #RecruitmentSpecialists #StrategicHiring

Unlock Efficiency and Cut Costs in Hiring with Our Specialized Approach! 🚀 Are last-minute changes in job acceptance costing your business time and resources? In today's uncertain landscape, navigating the hiring process can be challenging. 💼 Discover a strategic hiring solution with us! Our proven recruitment specialists streamline the process, ensuring qualified and motivated candidates from the get-go. Say goodbye to the last-stage fails and hello to long-term, successful hires. Why Partner With Us? 🚀 - Accelerated hiring process - Comprehensive candidate management - Deep understanding of client culture and technical needs - Quick feedback loops for a compact interview phase Connect with Us for Efficient Hiring! 🌐 Ready to reduce uncertainty and hidden hiring costs? Let's set up a call to discuss how our specialized strategies can benefit your business. Send us a request on our contact form or DM us on LinkedIn. Your pathway to efficiency starts here! Get to know us better and learn more under this Article: https://lnkd.in/diqTMZhC  #Recruitment #HiringStrategies #Efficiency #CostReduction #BusinessSuccess #RecruitmentSpecialists #StrategicHiring

Hiring low-quality candidates without a reliable process can be a costly mistake. Research from SHRM reveals that a bad hire can cost 50-60% of the employee's annual salary, covering recruitment, onboarding, training, and refilling the position. The Harvard Business Review emphasizes that the true cost extends beyond money to team disruption, damaged morale, and the time spent fixing the hiring mistake. - - How confident are you in the long-term success of your recent hires? Are you open to exploring innovative solutions to enhance your hiring strategy? - - Our outsourcing services redefine hiring by connecting you with top-tier talent without the hassle. Drop me a message or visit: www.remotoworkforce.com - Avoid the pitfalls of hasty decisions and navigate towards a future of strategic, impactful hires. 🌐✨ . . #HiringStrategies #RemoteRecruitment #SmartBusinessMoves #AvoidCostlyMistakes #RemotoWorkforceAdvantage

The Hidden Costs of a Bad Hire: What’s It Really Costing You? 💸 Think a bad hire only costs you a salary? Think again. The hidden costs of hiring the wrong person can be significant, impacting your business far beyond the initial mistake. Here’s what you need to know: 1. Direct Financial Costs: Recruitment fees, training expenses, and the cost of replacing a bad hire can add up to three times the employee’s salary. The longer a bad hire stays, the more expensive it becomes. 2. Productivity Loss: A bad hire doesn’t just affect their own performance. It can slow down your entire team, as time and resources are diverted to manage underperformance or fix mistakes. This can cause delays and affect your bottom line. 3. Impact on Morale: One wrong hire can create a negative atmosphere, affecting team morale and engagement. Disengaged employees are less productive, and high turnover can result, leading to further recruitment costs. 4. Damage to Brand Reputation: Bad hires can negatively impact client relationships and your company’s reputation. Negative interactions can lead to lost business and a tarnished brand image. The good news? We understand the true cost of a bad hire and are here to help you avoid it. Our rigorous recruitment process ensures that we always find the right fit for your team, saving you time, money, and hassle. Ready to make every hire count? https://loom.ly/4KKRGPk #CostOfBadHires #RecruitmentSolutions #smallbusinessowneruk #business #jobhunt #staffing #humanresourcesprofessional #hrconsultants #fieldsales #recruitingagency #recruitmentconsultants #businessuk #recruitmentconsultant #recruitinglife #recruitment #job #hr #organisationaldevelopment #hrsupport #positiveworkplace #positiveworkenviroment

What are the top 5 key factors that results in a business knowing it is the right time to decide to bring in try-before-you-hire or temp-to-perm people over actually hiring anymore new people? 1. Uncertainty in Long-Term Needs: Economic and Market Uncertainty: When a business faces economic fluctuations or market instability, it might prefer the flexibility of temp-to-perm arrangements to avoid long-term commitments and adapt quickly to changing conditions. 2. Immediate and Temporary Workload Increases: Project-Based or Seasonal Work: If there are short-term projects, seasonal spikes in demand, or temporary increases in workload, temp-to-perm employees can provide the necessary support without the long-term obligation of permanent hires. 3. Cost Management and Budget Constraints: Financial Considerations: Hiring temps can be more cost-effective in the short term as it reduces the immediate financial burden associated with permanent hires, such as benefits and long-term salaries. Temp-to-perm arrangements allow businesses to manage costs while evaluating future needs. 4. Evaluating Fit and Performance: Trial Period: Temp-to-perm hiring provides a trial period to assess a candidate’s skills, work ethic, and cultural fit before committing to a permanent role. This reduces the risk of making a bad hire and ensures that only high-performing individuals are offered permanent positions. 5. Speed and Flexibility of Hiring: Urgent Staffing Needs: Temp-to-perm hiring can be faster than the traditional hiring process, allowing businesses to quickly fill urgent gaps with qualified candidates. This approach provides the flexibility to address immediate staffing needs while retaining the option to convert successful temps to permanent roles. Your First Search Inc. team believes that by focusing on these key factors, businesses can determine when temp-to-perm hiring is the most strategic and beneficial approach to meet their current and future staffing needs. Questions finding your right try-before-you-hire or temp-to-perm employees? Contact Al Katz, our CEO right now at alkatz@firstsearch.com or 847-612-4676. #business #hiring #temptopermanent #contracting #temporary #employers #talent #staffing #recruitment

A client and I were discussing how tight things are right now. With budget restraints, operational expenses and targets that still need to be met, it didn't come across as a surprise that permanent hiring had been put on hold.  But she felt like her hands were tied.  Keeping operations smooth with limited resources can really squeeze everything out of you and your team. As an owner of my own business, I get it, uncertainty can make it tough to commit. After some reflection, we had a lightbulb moment.  My temporary employment services was the lifeline she needed. We could actively retain talent until she was over the hump. By teaming up she could take full advantage of the support she needed to keep the ship afloat.  When I told her about Evaluation Hire, I could actually see her breathe a sigh of relief. Evaluation Hire is like a test run for potential permanent team members, minus the risk. She could start someone on a temp basis and if it went well, they could move over to her books when the time was right.  So if you are juggling the need for talent with the need to keep costs low, we should talk. 🔗 Could need me in the future? Let's connect. 🔔 Ring my bell to stay in the loop. 📞 Get the ball rolling with a complimentary introduction call to take the next step to success. 🎯 Let's make your 2024 HR goals a reality! #StellarStarStaffing #FlexibleHiring #EvaluationHire #KeepCostsLow 

Is your organization paying the hidden cost of hiring? One company spent $80K and lost months of productivity on hiring a single key role. Download the case study, "The True Cost of Hiring," and discover how to save significant time and money: https://hubs.li/Q02PpL1t0 #hr #hiring #business #recruiting

Making a bad hiring decision. It is not an uncommon mistake at all. Finding the right talent for your business is can be a challenging process, especially when you go at it alone. Whatever the reason, making a bad hire can have a multitude of negative implications: 1. Reducing productivity 2. Reducing employee engagement 3. Lessening team alignment 4. Increasing attrition But, one of the most damning consequences comes in the form of finance. Many figures highlight how much of a drain a single bad hire can be. The US Department of Labor puts it at 30% of the person’s salary, while according to others, it can be as high as £50,000. If this sounds like a familiar scenario, or a risk you'd like to avoid, you might want to consider RPO (recruitment process outsourcing). An RPO provider will partner with you to strategically improve your recruitment process. In many ways, they can help you save costs, and improve your quality of hire. Want to find out more about RPO and what it can mean for your talent function? Send me a message! https://ow.ly/1rn030sBxKl