The Hiring Process: Steps and Statistics

THE HIRING PROCESS - Steps and Statistics Can I have a job please? ONE Identify Positions to Be Filled Newly created Replacing recently postitions vacated positions TWO Create a Description of the Position Essential job functions Minimum Requirements Preferred Qualifications THREE I know a guy. Create Recruitment Plan Choose avenues to recruit -social media, job fairs, print ads, online job boards İnternal posting (current employees) Employee referrals FOUR Create a Job Selection Committee İndividual who will work with new hire İndividual who understands the Supervisor new position well FIVE Begin Search /Recruitment Process SIX Collect resumes (and cover letters) SEVEN Review/narrow n applications EIGHT Conduct Interviews So why WOuld you be a good Fit here? NINE Um. I like work and uh. Conduct Background Checks Yes! I'm hired! TEN Select final hire(s) HIRING STATS A BAD HIRING DECISION can equal 30% of first year potential earnings. An $8/hour employee can cost a company up to $1,200 Average annual expense on employee training $35,000 in turn ground costs 32 Average annual amount of time employees spend in training HOURS 8'x8' Furnishing the cube $2,000 $30.80 will cost close to Average size of a work cube Average hourly cost of compensating a private sector employee Cost-per-hire, by size of Company # OF EMPLOYEES COST-PER-HIRE 500 or Less $7,645.26 501-1,000 $6,634.85 1,001-2,500 $6,512.14 2,501-5,000 $11,365.37 5,001-10,000 $3,181.87 10,001-20,000 $3,737.47 More than 20,000 $2,885.68 Sources: http://hr.ucr.edu/recruitment/guidelines/process.html http://online.wsj.com/news/articles/SB10001424052748703808904575025250789355156 http://www.hr.com/en/app/blog/2012/03/who-are-you-really-hir- recruiterbox ing-10-shocking-hr-statistic_h09y2o10.html#sthash.CQI6KQQT.dpuf http://www.investopedia.com/financial-edge/0711/the-cost-of-hiring-a-new-employee.aspx http://work.chron.com/average-cost-hire-new-employee-13262.htm http://www.americanprogress.org/issues/labor/re- port/2012/11/16/44464/there-are-significant-business-costs-to-replacing-employees/ http://web.mit.edu/e-club/hadzima/how-much-does-an-employee-cost.html http://blog.intuit.com/employees/how-much-does-an-employee-really-cost/#ixzz33WFzh73f http://www.mediabistro.com/mediajobsdai- ly/it-costs-a-lot-to-recruit-new-employees-more-for-smaller-companies_b922http://www.naceweb.org/s05012013/cost-per-hire-be nchmark.aspx INFOGRAPHIC DESIGNED BY NationalPositions inin Profitable Internet Marketing