Crafting a Strategic Recruiting Approach

A Recipe For Success

In the ever-evolving business landscape, employee turnover can be a significant financial strain. Industry estimates suggest that the cost of losing an employee ranges from 50% to 150% of their annual salary. An analysis of 16 employee exits for a client revealed a minimum cost of $200,000 in lost productivity over a year. Rapidly filling positions with available candidates is not strategic; the focus should be on finding the right people.

Market Research and Competitor Analysis:

Beyond recruiting for essential competencies, market research on competitors' practices, pay scales, and employer brands is critical. In your strategic plan, address challenges in recruiting and…