Cost and Effects of Unfilled Openings
- Impacts the team and employees
- Sends the wrong message and image to your customer and the industry
- Increase in management time and effort
- Most vacancies exceed 100 days
- Cost
$70k/yr x 5 = $350,000 value to the company*
Loss to company per hour……………….$168.27
Loss to company per week………………$6,730.77
Loss to company per month……………..$28,269.23
Loss to company for 3 months…………..$84,807.69
Total loss to company for 6 months…….$169,615.38
$100k/yr x 5 = $500,000 value to the company*
Loss to company per hour………………$240.38
Loss to company per week……………..$9615.20
Loss to company per month…………….$40,383.84
Loss to company per 3 months…………$121,151.52
Loss to company per 6 months…………$242,303.04
$250k/yr x 5 = $1,250,000 value to the company*
Loss to company per hour………………..$600.96
Loss to company per week……………….$24,038.40
Loss to company per month………………$100,961.28
Loss to company per 3 months………..…$302,883.84
Loss to company per 6 months………..…$605,767.68
*Based on the Leard Formula that an employee produces 5 times his salary.
Fee Policies
KeySearch International Can Offer Our Employers Several Fee Policies Which May Fit Their Needs Best
- Contingency Fee
- Retained Fee
- Annual Contract Fee
- Engagement Fee
- Agency / Independent Contractor Fee Agreement
- Merger & Acquisition Finders Fee Agreement
Why Companies Use Search Firms
- Their ability to find the quality candidates
- Nobody knows the employment market better
- Confidentiality is a recruiters “stock – in – trade”
- Cost effective
- Speed and post – hire downtime
- Unbiased third party input
- Reality Consultations
- Negotiations and buffer between parties