Attracting top talent has never been more crucial for businesses or recruiters. Companies are struggling to fill vacancies on time and cost-effectively, so as not to compromise their productivity and business growth.
The analysis from CEB, the Financial Planning & Analysis Leadership Council, is indicative of the gloomy recruitment landscape. Overall, it takes organisations in the UK & Ireland 48 days from the job advertisement date to hire an employee. By sector, it varies from 34 days for a customer service position, to 67 days for a product management role.
Financially, the average cost of the recruiting process for a new employee in the UK is £3,000. Now, if we add up the lost productivity and the inevitable pressure placed upon the existing employees to handle the extra workload, we can see how a situation like this piles up critically.
It is crystal clear that an effective recruitment procedure is really vital and a top-of-the-list activity for all the companies that wish to stay on track and achieve their targets.
Nowadays, tight talent pools are a matter of concern for UK recruiters. Notably, 78% of recruitment professionals selected a shrinking supply of skills and labour as one of their top three challenges during 2019. This stark reality, for any average company, demands a decisive solution.
In other words, a company needs to work proactively, rather than react to the challenges lying ahead. There needs to be a thorough and strategic plan figured out. A plan that invests in building a resilient and talented workforce without the risks and impacts of turnover or poor productivity.
Centralus helps employers to focus on their core business, by taking over the administrative and legislative burdens of payroll, pensions and employment law protection. Furthermore, it offers free, VIP employee benefits to develop a motivated and carefree environment.
This way, companies are able to work smarter, proactively and efficiently.
Businesses can keep innovating, evolving and staying ahead of the competition while they excel in a fundamental step: recruiting the desirable top talent.