Research has shown that the average cost of recruiting a replacement employee during 2006 was about £3500. This does not take in to account management time spent on induction and training. This would add another £4500.
Clearly some employers will spend less; some more but it will still be an expensive exercise and not one that you would wish to repeat regularly. It is important therefore to get it right in the first place (at recruitment); to ensure that the employee is fully integrated and trained (at induction and following).
This section contains guides and articles that will help you in this important part of Human Resource management. |
