A recent CIPD survey (Recruitment, Retention and Turnover - 2008) shows that the average direct cost of
recruiting a replacement member of staff is £4667, rising to £5800 if the added costs of labour turnover are taken into account (ie. management time spent recruiting, inducting and training.)
With this knowledge in mind, when you are in the market, you need to give serious consideration to how you go about conducting the recruitment process in your organisation as every employer wants to try and get the right employee first time and not find that they are experiencing regular employee turnover.
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