London, England United Kingdom (PressExposure) November 14, 2011 -- Essex based business management consultancy Edge Consulting has launched a new recruitment skills improvement course for employers.
The Recruitment Management Course is aimed at employers in an attempt to help them redress the balance between themselves and recruitment agencies.
Employers need to reclaim the responsibility for their recruitment if they want to see improvements in costs, efficiency and results.
Whilst people may be a company's biggest asset, the costs involved in acquiring these assets are a serious consideration in the corporate budget. One of the biggest problem areas for employers is interviewing. Hardly anyone is ever trained in this vital part of the recruitment process, which often leads to poor decisions being made and costly mistakes.
Basic recruiting costs equate to approximately 25 percent of the basic annual salary of the potential employee but it doesn't end there.
You need to take into account the indirect costs of reviewing applications and CV's as well as the time and resources spent interviewing candidates. Other factors that need to be considered include the costs of training and development in addition to the time and money spent on bringing them up to speed.
Earlier this year The British Chamber of Commerce surveyed over 500 small and medium-sized businesses and identified recruitment as one of the biggest challenges for employers, with the time and cost flagged as main concerns.
Just over half used agencies occasionally, 46 per cent said they would never use an agency and 66 per cent cited high costs as a reason for not using agencies.
Over 40 per cent of respondents estimated the cost of recruiting a new employee to be more than £2000. However, according to the Chartered Institute of Personnel and Development. The cost of recruiting a new employee, depending on the role you wish to fill, can range from anywhere between £4,500 to £10,000 for a senior manager.
Underinvestment in areas like machinery or technology represent poor commercial decisions and failure to invest in the recruitment process can prove to be just as damaging to the company.
Many employers are simply unaware of the risks involved in the recruitment process. They do not understand that they can seriously damage their company by not managing their recruiting correctly.
Poor recruitment management leads to problems in staffing, loss of productivity and performance, and ultimately, profitability.
The Edge Recruitment Management Course is designed to help employers achieve the best possible results from their recruitment activities.