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In today’s competitive job market, hiring the right candidate is crucial for the success of any business. The process of recruitment can be time-consuming, frustrating, and expensive—especially if you’re handling it on your own. That’s where working with a specialized recruiter like North Road Staffing can provide an invaluable advantage. We streamline the hiring process, helping you save money, time, and effort by ensuring you find the best-fit candidate quickly.

The Hidden Costs Of DIY Recruitment: Wasting Time And Resources

If you’ve ever posted a job ad on LinkedIn or other platforms, you know that the process can quickly become overwhelming. You may find yourself sifting through resumes, scheduling interviews, and ultimately coming up empty-handed—only to start all over again. Here’s the math that shows how costly this approach can be:

Example: Running A LinkedIn Ad For 20+ Days

• Cost of LinkedIn Ads: The average cost-per-click (CPC) on LinkedIn for a job posting is around $2.00.
• Average clicks per day: If your job post is getting 10 clicks per day, that’s approximately $20/day.
• Total for 20 Days: Over the course of 20 days, you will have spent $400 ($20/day * 20 days).
• Average job posting views: LinkedIn may show your ad to hundreds of candidates, but let’s assume that only 10% of them are even remotely qualified, meaning only 10 candidates out of 100 have the skills and experience you’re looking for.

Now, imagine that none of these 10 candidates meet your expectations in terms of fit, experience, or ability to perform the job. That means you’ve wasted $400 and 20 days without making any progress.

Additional Costs Of Running Ads Without Finding The Right Fit

• Interview Costs: Scheduling and conducting interviews can be time-consuming. If you’re spending an average of 30 minutes per interview and you conduct 10 interviews over the course of those 20 days, you’ve spent 5 hours just interviewing candidates who aren’t the right fit.
• Productivity Loss: While you’re conducting interviews, your team is likely dealing with the fallout of being short-staffed or having to manage extra work. This loss of productivity could cost your company in other ways, such as lower morale, missed sales opportunities, or burnout.

So, for the $400 spent on LinkedIn ads, you could easily have invested several hours of your time, not to mention the opportunity cost of hiring the wrong person or not hiring at all.

How North Road Staffing Saves You Time, Money, And Effort

Now, let’s compare this to working with North Road to find the right candidate. We are an experienced recruitment agency that provides professional job placement and managed staffing services for all verticals of IT jobs and services. We know how to quickly find the right fit for your company—saving you significant time, effort, and money.

1. Speed And Efficiency

• Faster Time to Hire: A recruiter specializes in sourcing, screening, and presenting top candidates right away. This eliminates the need for you to sift through hundreds of resumes or waste time on unqualified applicants. Instead, you'll receive a shortlist of the most qualified candidates within days, not weeks.

• Recruitment Process Streamlined: With a recruiter handling the legwork, you can focus on interviewing only the candidates who are already pre-screened and match your job criteria. That’s an immediate time-saver.

2. Lower Cost Per Hire

• No Wasted Ads Spend: When you work with a recruiter, you avoid running ads endlessly without seeing results. You don’t have to keep spending money on job postings that aren’t attracting the right candidates.

• Reduced Interview Time: Instead of interviewing 10 or more unqualified candidates, you only need to meet with a handful of carefully vetted applicants, reducing your interview time and associated costs.

3. Higher Quality Candidates

• Specialized Screening: We ensure that every candidate we present has been thoroughly vetted for experience, skills, and cultural fit. This means you're hiring individuals who will excel in the role and drive your business forward from day one.

• No More "Bad Hires": The cost of a bad hire is estimated at 1.5 to 2 times the salary of the employee. Working with a recruiter means fewer mistakes and long-term savings by hiring candidates who are a perfect fit for your team.
  
  

Example Calculation Of Cost Savings

Let’s assume your business is hiring a sales professional with a salary of $60,000 per year. If you hire the wrong person, the costs can add up quickly.

• Cost of a Bad Hire:
  • Recruitment and Job Ads: $400 for LinkedIn ads (as above).
  • Interviewing Costs: $300 (5 hours at $60/hour).
  • Productivity Loss: If your team is disrupted due to being short-staffed or if the new hire doesn’t meet expectations, the opportunity cost of missed sales opportunities and productivity losses could be $5,000+.
  • Total Cost of a Bad Hire: At least $5,700 for a bad hire, which doesn’t even take into account the long-term consequences of turnover.

By using a recruiter, the risk of a bad hire is reduced significantly. If the recruiter charges 20% of the annual salary ($12,000 for a $60,000 salary), you’re making an investment in ensuring a high-quality, long-term employee. This price may seem steep at first glance, but compare it to the $5,700 wasted on a bad hire—working with a recruiter can save your company money in the long run.

Why You Should Invest In A Recruiter

In conclusion, hiring the right talent can either make or break your business. By working with a recruiter like North Road, you can skip the endless hours spent running ads, sorting through resumes, and interviewing unqualified candidates. You save time, avoid unnecessary spending, and make smarter, more effective hires that will drive your business forward.

Contact North Road Staffing today and let us help you find the perfect fit for your team!