How many times have you as an employer, placed a ‘Help Wanted’ ad, and go through the applications, interview, hire someone, only to find out that the person does not work out and you have to replace them?
Have you contracted a ‘head-hunter’ to find you a new worker and you pay upwards to 30% of the first years annual salary, only to have this new employee not have the skills, or the background to truly complete their job?
Vanguard Business Services goes out of its way to find, assess, and present candidates for their clients in a way that is affordable, and un-disruptive to your daily operations.
Here is an example of how much it actually costs an employer to replace an entry-level hourly employee, with the data gathered from the Society of Human Resource Managers (SHRM) web site.
2080 Hours X $12.00 = $24,960.00
$24,960 X 0.125 = $3,120.00
Large companies consider this number just a cost of doing business, but for the small business owner, this is a considerable sum! Here is another number to consider, what if you have to replace that position three times in a year, the average cost to the employer would be $9,360.00!
On the same note, research has shown that in the Kansas City area, finding an employee through a search firm sometimes averages anywhere between 20% – 30% of the first years salary! Here are some numbers:
25% on average or $10,500
$52,500 first year!
Vanguard Business Services realizes that small businesses do not have unlimited funds, so the costs associated with sourcing, presentation, offering, and assessing are more attuned to the needs of the small business owner. Each company and each position requires different assessments, and background checks, there are no cookie-cutters when it comes to sourcing a position for your company.
Contact Vanguard Business Services today for a discussion on how we may be able to assist you filling a position with the right person!