Do you know how much it cost to hire an employee? It’s not just the price you pay per hour worked. That is only the beginning. When I look at employee retention and unnecessary turnover, I calculate the true cost of a new hire.
I need to have a base wage for the associate. Then I need to determine how many hours of training am I going to give them. I will then need to add in the hours it takes for their trainer to adequately train them on proper execution of company standards and tasks. Realistically, I should also know how many hours it will take this associate to really work at full speed once they are done with formalized training. Should I include the payroll used to compensate for the trainer and trainee’s unproductive time (while in the training mode)? Yep! And don’t forget, I have to spend time training the trainer to make sure they know what to do.
That is a lot of payroll!
Imagine if you hire someone who turns out to be a total deadbeat. Not only will you end up replacing that associate, but also you potentially will lose your good associates along the way.
Taking the time to run pre employment screening and background checks will help save money in the long run. Hiring the right candidate the first time will save countless hours of payroll dollars. Background checks are designed to weed out the bad apples so you can focus on running a successful business, not a perpetual training facility.
For more information on background check experts , background checks , criminal background checks , employee background checks or pre employment screening contact us at the background check company or call 1.770.426.0547
