In Express Employment Professionals’ Fourth Quarter 2018 Job Insights survey, 79% of businesses surveyed said that it was “somewhat” or “very” difficult for them to fill open positions. That means employers are going to do everything they can to keep great employees like you at the company.
Studies show the total cost of employee turnover can be as high as 150% of an employee’s annual salary.
Assume the average salary in your company is $50,000—that means every time an employee leaves, the cost to replace them could be as high as $75,000! Now, multiply that number by average yearly turnover, and you can see how quickly it adds up.
So, where is all that money going? To truly gauge the impact of employee turnover, employers must consider the cost of:
- Advertising open positions
- Time spent interviewing candidates
- Time spent on reference checks
- Onboarding a new hire
- Training and development
- Interim loss of productivity
- Lost knowledge from exiting employee
- Overworked core staff due to turnover
- Impact on company culture
Staffing companies solve those issues by providing talented employees. If you sign up with a staffing company you get:
Access to Top Companies
Successful staffing companies build extensive pools of client companies by constantly selling. From online advertising to social media to knocking on doors, staffing firms have a wealth of resources that are hard to match. So, skilled jobseekers get to have their resumes sent to a wide pool of potential employers.
The Job You Want
If you do want a temporary job, staffing companies can help with that. If you want something more permanent, they can help with that too. The same goes for professional, industrial, or anything else you can think of. Staffing companies take the stress out of the job search by doing much of the application process for you. Plus, since you’ll be job searching on your own, you’ll get double the effort at no cost!
The job search is hard. Working is hard. Figuring out how to adjust to a new company is hard. A staffing company can help with all of those concerns. When you’re working for a staffing company, you have an expert resource available to ask all of your employment questions.