by Charles R. McConnell
“It’s no secret that qualified job candidates are getting harder to find in an increasing number of occupations. With key positions getting tougher to fill, every qualified applicant who drops out during the recruiting process or who goes all the way through the process only to turn down your offer represents a cost to the company. In losing a good hire, the company is losing time, money and productivity. Reckoning both direct and indirect expenses, it can cost anywhere from one-half an annual salary to twice an annual salary to replace an employee. Since costs start to accumulate before a candidate walks in the door, every applicant consumes a portion of the employee replacement cost whether hired or not. So every applicant lost or rejected represents lost resources.”
– To me the most important line in this article is the first one. Times are a-changin’ and it is getting harder to find qualified candidates. To me the golden rule applies in this situation (as in most others…), ‘do onto others as you would have them do onto you.’ -ed.