According to recent data from The Society for Human Resource Management, the average cost-per-hire is more than $4,000, and it takes about 42 days to fill any given position. Needless to say, hiring the right employees can cost you a lot of time and money. Hiring the wrong employees? That costs even more. Luckily, there are a few things you can do to ensure you’re not only hiring the right people, but you’re reducing your company’s cost-per hire.
How to reduce your average cost-per-hire:
1. Clean Up Your Careers Page
2. Utilize Social Media
3. Look for Internal Solutions
4. Clearly Define the Position
5. Focus on Employee Retention
Ready to learn how to put these tips into practice today? Let’s get started!
1. Rethink Your Careers Page
How much thought went into the careers page on your website? If you’re like many businesses, not nearly enough. Think of your careers page as a portal into your corporate culture where you can showcase your core values and your vision for the future—not just the place where you list your available positions. The best careers pages give candidates a true sense of what it’s like to work for your company while making it easy to apply for a position online.
2. Get the Word Out on Social Media
Social media channels like Facebook and LinkedIn are relatively inexpensive to use for hiring new employees. Even a modest investment can put your job opening in front of many qualified candidates targeted by experience, job title, location and many other user-definable characteristics. And, Facebook even allows you to publish job openings right on your company’s page for free, with applications getting sent right to your Facebook messages inbox.
3. Hire from Within Your Company
Do you have a part-time intern who is already trained and proficient at the role you’re trying to fill? Maybe it’s time to talk to her about going full-time. You’ll save money on the job search and you’ll already know what you can expect—both in terms of performance and cultural fit within your organization.
Alternatively, solicit current employees for recommendations. If your team members are generally happy working for you, there’s a good chance they know other people who would fit right in. Some companies even offer employees a bonus if a candidate is hired as a result of a recommendation.
4. Make Sure the Position is Clearly Defined and Agreed Upon
You’d be surprised how many companies stumble here. You might have one idea for what the position entails while your co-workers may have something different in mind. Before you list the position on your website or a job board, align internally on the scope of the position. This will help candidates self-filter their applications so you can focus on people with skillsets that more closely match the responsibilities.
5. Keep the Employees You Have
Remember the number at the top of this post? That $4,000+ investment for hiring a new employee doesn’t include onboarding time. It also doesn’t include the time it takes the average person to become efficient in a new position with a new company. So, by far, the single most important thing you can do to reduce cost-to-hire is to improve your employee retention strategy to keep your best workers on your team.
Take the Guesswork Out of Hiring New Employees
While these tips can definitely help you reduce your hiring costs, there’s always going to be a certain degree of unpredictability around the hiring process. That’s where we come in. Labor Systems Job Center specializes in temporary and personnel staffing solutions that match the right people with the right jobs. Fill out a staffing request today, or learn more about our services.
No business can run without employees. Often businesses hire a full-time staff that they keep on year-round. This is not always the case, however. Seasonal fluctuations, projects that need labor for a limited amount of time, or even covering for staff that are on leave can sometimes leave managers wondering how to bridge the gap. That is where we come in. We are Labor Systems Job Center. We make it our business to help your business.
We know that sometimes you need staff in a pinch. We also know that you might be busy running your business and do not have time for the hiring process. We are the answer to both challenges. With over 25 locations in Arizona, we can make sure that you have reliable workers ready to show up and help you get the job done. From one worker to 300 workers, no job is too big or too small! Whether you need labor for a construction project in Phoenix, warehouse help in Kingman or you need to staff multiple catered events in Tucson, we can help.
What We Do
A privately-held business, Labor Systems Job Center has been providing staffing and labor solutions in Arizona since 1985. Over the past 25 years we have learned what it takes to find the right people for the job. We provide temporary labor to companies of all sizes spanning all industries. Our staffing specialties comprise of administrative, hospitality, light industrial and construction workers. We also act as a placement service or temp-to-hire agency, saving you the time and costs associated with the lengthy hiring process.
We interview and screen candidates based on skills to make sure that they will be a good fit for particular types of jobs. Safety is a top priority and all temporary employees receive general safety training on a regular basis. For our temporary employees working on construction sites, we provide basic safety equipment such as hard hats and ear plugs, as well as equipment such as rakes, shovel and brooms at no charge so that our workers are prepared when they get to the job site. We do what it takes to ensure that our customers get high-quality labor without having to do more than make one simple phone call. We even offer an unconditional guarantee to make sure that you are happy with our services.
Full-Service Staffing Solutions
We mentioned the lengthy hiring process before. That’s what we save you. We recruit, screen applicants, hire and E-Verify employees to meet your needs. Of course we have to bill you, but instead of your payroll department cutting multiple checks, matching payroll taxes, dealing with workers’ compensation issues, as well as government compliance for all those employees, you cut us one check. We take care of the details after that. This gives you more time to concentrate on making money for your business.
This is the first blog entry that we will be making. There will be more to come, so stay tuned. Our goal is to keep you informed about labor, staffing, and human resources issues, and to help you find and implement staffing solutions that work for your business.
How many hours have you put into your business? All that hard work needs the protection of a bulletproof insurance policy. Business insurance will keep your company safe from accidents or potentially bank-breaking lawsuits. Depending on what kind of business you run, Arizona might require certain types of insurance for your employees. Look into what you need, legally and practically, to keep your business running for many years to come.
There are three main types of business liability insurance. General liability covers medical bills or legal fees resulting from injuries, accidents, libel, or negligence. Product or professional liability insurance will protect your business from lawsuits dealing with a product or service offered by your company. Many business owners choose umbrella liability insurance, which is a comprehensive insurance plan that ensures your business isn’t left vulnerable by holes in your policy.
If you run your business from a store or office building, you will need business insurance that covers your property. This coverage will not only financially assist you after natural disasters, fires, or vandalism, but it can help make up for losses during business interruptions caused by property damage.
Despite the common myth, homeowner’s insurance will not automatically protect you from business-related damages and losses at home. If you run your business from your house, even partially, you will want to add a rider to your homeowner’s insurance that will cover business losses in case of an emergency.
If you hire full-time employees for your business, you will need to offer them health insurance. Arizona laws dictate what kind of coverage will need to be provided. Requirements include coverage for mammograms, newborn babies and handicapped children. Health insurance cannot exclude employees based on pre-existing conditions, and no limitations can be placed on maternity
Workers’ compensation not only provides employees with lost wages and medical coverage after an injury on the job site, it also protects your business from lawsuits after an accident. Depending on the work environment, workers’ compensation could
be vital to the survival of your business. Construction businesses are required by Arizona law to have workers’ compensation insurance.
Insurance for your business is necessary, but the premiums can start to add up. Hiring temps who don’t need additional insurance coverage could help you cut back on expenses. For more information on our pre-trained and highly-qualified temporary workers, visit us online or call 877-836-7527.
One of the goals of our blog is to keep our readers up to date on how things are going in Arizona. There is a slew of information in from the first quarter of 2011 and some developments that have occurred recently.
One of the biggest issues to begin the year was Arizona Senate Bill 1041. This bill was intended to attract new business, especially ones that would be purchasing property plant and equipment, to Arizona. This bill would have let businesses that meet certain investment standards reduce their property tax to as low as 5% for a decade. Those looking to move to Arizona and those who are already here but wanted to expand obviously loved the idea. Those who have been here and already made investments, in spite of a down economy, were opposed. Governor Brewer vetoed this Bill when it crossed her desk.
Home prices still are not that great here in Arizona. Residents are still seeing declines in the value of their houses, and a significant number of homeowners are still upside down in their mortgages. At the end of the first quarter, just over 68% of the homes in the Phoenix metro area were underwater.
Whether consumers are spending or not says a lot about the economy. A Rocky Mountain Poll this January pertinent to consumer confidence showed that Arizonans were the most confident that they had been in two and a half years. Profit growth from Arizona based companies like PetSmart and local construction firms in the first quarter is another good sign. This contrasts the housing market, but good news is welcome. Retail sales in Flagstaff also showed some very good numbers, with a 29% increase in tax revenues based upon car sales. Big-ticket purchases are always a sign of good things to come.
One of the important portions of our state’s economy is tourism. Restaurants and hotels need this push to get by and reach profitability. Hotels in Scottsdale were among the best in the nation when it came to occupancy (86.9%) and revenue per room ($166.05) this March. That is great news and shows that our states hospitality industry is working past the slight that Arizona’s reputation took due to some of the headlines that made national news.
Things seem to be slowly improving. While it will take patience to fully take advantage of these slow upturns it is great to see a shift toward growth. A strong economy is good for the entire state of Arizona and everyone who does business here.
Brewer Tax Veto Splits Private Sector (Phoenix Business Journal)
Zillow; Phoenix Home Prices Decline, 68 Percent Underwater (Phoenix Business Journal)
Petsmart Quarterly Income up 33% (The Arizona Republic)
The Rocky Mountain Poll; Consumer Confidence up in Arizona (W.P. Carey-Arizona State University)
Scottsdale Hotels Tourism Rebound (The Arizona Republic)
Retail Sales Holding Up (Arizona Daily Sun)