How to Access the Powerful Hidden ROI Benefit of your LMS

The cost of employee recruitment, especially at the managerial level, continues to rise year over year. The total cost of external employee recruitment is now estimated at two to three times the annual salary of that position, which includes finding candidates, running background checks and training. The alternative, of course, is to promote from within.

Through internal promotion, it’s possible for your company to save thousands of dollars on recruitment, because you have a ready pool of candidates that you’ve already screened. Also, recent studies demonstrate that new hires from outside a company are less efficient in their job performance, and, on average, make 20 percent more than internal hires for doing the same job.

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