"In Short Supply”
Recruitment in High Technology and Health Care Sectors
A Division of JGS Strategic HR Consulting Services
- Recruitment & Retention in High Technology and Health Care
Sectors
- Shorten recruitment time
- Screen candidates with your company pre-screening tools
- Provide your company with ongoing local presence in Eastern
Ontario
- Recruit skilled new employees from other regions
- Ongoing development and retention of staff
- Reduced recruitment costs with improved results
Turn over of staff is estimated by Human Resource Professionals
to cost on average 1.5 times the yearly salary of the vacancy
until the new person is able to attain the previous level of
productivity.
Leaving positions that need to be filled, vacant, costs 65% of
the yearly salary based on lost productivity and additional
factors.
Eg. Based on Price Waterhouse and University of Wisconsin
studies; Separation, vacancy and replacement costs for a company
with 100 employees who earn $50,000 per year, that saw 33
employees leave over the course of one year but were replaced
within 30 days, still would impact an organization $224,466.
over the cost of the year in Turnover costs.
This is especially important when some companies have vacancies
that last for 3 months, the costs rises to $330,264. Can you
afford these costs?
***Based on Price Waterhouse and University
of Wisconsin studies
A responsible company knows that its future is tied
strategically with its human resource capabilities. It is better
able to respond to all markets when it is fully staffed with the
right people.
The first step is recruiting the right people; the winning step
is retaining them. The cost of both vacancy and turnover is too
high for any company to bear.
Assessment of the organization and its culture as well as HR
Audits and retention strategies are essential to ensuring talent
is not only attracted to your company but is retained by your
company.
Let JGS Strategic HR Consulting Services help you to gain and
maintain your competitive edge.
