If your cost per hire doesn’t take into account the cost of bringing a new employee up to optimum productivity you’re ignoring the biggest expense of taking on new staff.
Oxford Economics report that the total cost of hiring someone new is just over £30,000 with more than £25,000 of that total represented by the cost of lost output while a new employee reaches optimum productivity.
If you’re a HR professional looking to reduce these costs, we’ve got five tips to help you achieve your goal. During this post we’ll shed some light on the problem and show you how elearning can help speed up the time to productivity significantly.
Where do the costs come from?
Tags: Benefits of elearning • cost per hire • Induction • onboarding • pre-induction • preboarding • Productivity