In every business, finding a qualified employee for a required position is a tough task. The cost of hiring includes advertising, arranging walk-ins and interviews, job portal fees, background checks, onboarding, training, and the list goes on. The whole hiring process costs a fortune; in terms of time, money, and effort.
As per Glassdoor, an average US company spends about $4,000 and 52 days to hire a new employee.
What’s worse is after spending so much time, you can’t fully guarantee that the hired candidate is the right candidate. The candidates can seem perfect throughout the hiring process but when it comes to actual work, they might come short. And now the cost of training them also piles up on your already high expenses. Seems like a nightmare, isn’t it? But don’t lose your hopes just yet. Read more: How to Speed Up Your IT Hiring Process in IT Staffing in India