What is an established relationship with a management search and staffing firm such as The Clarks Group worth?
According to a study by the Society for Human Resources Management (SHRM), it could cost up to five times a bad hire’s annual salary. SHRM also found that the higher the person’s position and the longer they remain in that position, the more it will cost to replace him or her.
According to the U.S. Department of Labor, the price of a bad hire is at least 30 percent of the employee’s first-year earnings. For any company, a five-figure investment in the wrong person is a threat to the business. While the financial impact is quantifiable, chief financial officers rank how a bad hire’s morale and productivity effects ahead of monetary losses.
Working with an experienced Recruiting firm such as The Clarks Group will bring a valuable perspective saving you time and money.
The relationship with a top rated search firm has immense value because it drastically reduces fill rate time of open positions and reduces the cost of lost revenue.
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