"You're kidding, we can hire someone off the streets for half that rate". How many times have we heard this from potential clients that think we're rolling in the dough.
SOME THINGS TO CONSIDER
Recruiting Costs - running ads and job board post
Interviewing Costs - fielding applicants, interviewing, following up
On Boarding Costs - verifying documents and certifications
Logistics Costs - Right place, right time, right attitude, wearing right attire
Human Resource Costs- temporary workers are people too. They need to be shown appreciation, love and made to feel part of team.
NOT TO MENTION
Cost of Bad hires
Cost of Poor Productivity - from new staff that doesn't know and love your business
Cost of Lost Mindshare - focusing on having enough people rather than continuing to sell.
Lack of Incentive
Cost of No Shows
Cost of Missed Opportunity- too busy managing staff to notice sells and growth opportunities
Cost of the UNKNOWN- Boy oh boy, do we have stories to tell of companies doing mass hiring to pull off an event! Let's just say, it would have been better had they not done the event.
