Wood-Snodgrass, Inc.

Most people think of the 3 R’s as “Reading, Riting, and Rithmetic”
Our firm considers the 3 R’s as:

RECRUITING
RETAINING
RESKILLING

And, we have been pretty successful over the years advising our clients on ALL THREE

As we begin 2009, here are some thoughts for you to consider for the first R -
RECRUITING: Both, DIRECT and INDIRECT costs

DIRECT Costs related to Recruiting:
Classified Ads
Screening of Resumes
Phone Time Costs (times how many staff you have involved)
Interviewing Time Costs (again, times the number of staff involved)
Other:
Testing
Follow-up with rejected candidates (if, you’re doing it correctly)

INDIRECT Costs related to Recruiting:
Aggravation Cost
Interruptions such as phone calls, coordinating other employees in the process
Personal Time Cost
This category is almost certain to get out of hand especially the more staff involved

Consider this staggering statistic of a recent survey: Average Time and Cost to Fill Vacancies -

Executive Management – 7.6 months at $30,277 total costs
Experienced Staff – 6.2 months at $19,219
Entry-level Staff – 3.8 months at $9,777

MOST Employers are finding NEW EMPLOYEES via the following:
Newspaper Ads
Universities
Job Fair
Consultants
Competitors
Recruiters **** By the way, the MOST EFFECTIVE means to do so when it comes to costs/time savings

Just remember, the average hiring authority within an organization works about 2,080 hours annually. This person must spend hours on such tasks as reading resumes, screening and interviewing prospective employees, coordinating the entire hiring process – What if they make $80k per year? That’s a $192 per hour cost.

These are ALL just little tips and reminders that most everyone involved in hiring knows –

We also just want to ‘remind’ you because we know how to be effective when the time comes for your organization to recruit a key person –

Please call Wood-Snodgrass, Inc for your next recruiting assignment – You will not be disappointed.

Best regards,

Stephen Snodgrass
Partner
Wood-Snodgrass, Inc.
913-681-2200
800-207-1958

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