Time is Money

It’s easy to price up a cake. You know how much the ingredients cost, you add on the cost of electricity for heating the oven, and the hourly rate of the person doing the baking and decorating. A + B + C = cake. You then know whether you would be willing to pay someone talented to bake that cake, or if you’d rather do it yourself to save money.

But how do you make that decision about recruitment?

It isn’t as simple as ingredients + energy + a staff member; it’s far more complex, and there are different ways to approach it. You can see using your existing internal resource to manage recruitment as ‘cost free’ – but in truth there are many, and sometimes significant, ‘hidden’ costs: 

• Loss of skill or input whilst your staff are working on creating, promoting, interviewing and selecting for the vacant role
• Paying staff overtime to complete the workload of the vacant role, or seeing a drop in performance elsewhere as the team stretch to cover the extra workload
• The time it takes to screen unsuitable applications, which – because of the Covid pandemic – are significantly higher than usual
• The cost of promoting the role via job listing sites and/or social media ads
• The lost time whilst your team are preparing for, carrying out and reviewing interviews
• Cost of hiring the wrong person because the recruitment wasn’t managed effectively, and needing to start the process from the beginning
• Training and embedding a new hire (statistics show it can take upwards of six months for a new team member to be fully productive and deliver in their role) 

If you are simply comparing the flat cost of a job listing against paying a recruitment consultant, the agency can seem like the more expensive option; you need to factor in all of those additional costs, both of your internal resource and your financial investment, if you want a true idea of the value of expertise.

When you work with expert recruitment consultants you aren’t just getting a job listing, you’re getting the experience, insight, industry knowledge and benefit of an established and successful network. Your internal team can focus on their own role, keeping your business running smoothly, and you can trust that your own, valuable time will only be impacted when a suitable candidate is ready to be brought on board. 

Sifting through applications, sourcing possible employees who have precisely the right skills and experience, understanding who in the network is a good fit personally, and ensuring that the CV and insight match precisely with your needs, and with the culture and ethos of your team, takes an experienced eye and the insight of specific know-how.

Not only does this mean that you have access to a more specific and expert job seeker market, it allows you to skip the tedium of the process, save time and – in the long run – money wasted on the process and poor choices, and gives you the best fresh blood to lift your organisation and bring something new to the role, to the team and to the business as a whole.

Trust in the experts; hiring talent in the fire and safety industry, lift and escalator experts, door and loading bay professionals and niche, specialist sectors, Cento  are the perfect source for recruitment expertise – helping you to complete your team with an established network of industry experts that perfectly fit your needs. Call 01509 615 290 or email admin@centogroup.com today to find out more about the process, and how we can help you with recruiting the best.