Posted 10th September

Recruitment ‘biggest challenge’ of 2018, say HR managers

By KBBDaily on 10th September 2018 - 11:58am
career advice, interview, job, candidate, recruit, recruitment, hr, manager, kbb, kbbdaily, kbbdailyjobs

A new survey by Axelos has found that more than half of HR managers cite recruiting and retaining talent as their biggest challenge of 2018, with 42% of companies saying they prefer to train and ‘up-skill’ existing employees for new roles.

The survey – which questioned 500 HR managers – found that hiring the wrong external candidate can cost around £17,000 due to recruitment fees, advertising, assessment of applications, interviews, induction and training, as well as the first three months of salary, alongside ‘negatives’ such as poor work outputs, loss of productivity and disruption to projects.

More than 40% of employers said they prefer to recruit entry-level candidates who will receive training, however a fifth of HR managers said they struggle to find the budget to train and up-skill existing employees.

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