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Have you ever wondered how much it costs to recruit a new programmer? The numbers may surprise you.
The most common cost of recruiting a developer which comes to mind is a recruitment agency fee, but it’s just a starter. In the IT world, where there is a talent shortage, hiring a new programmer (or any tech talent) increases in cost and effort as time goes on. The better a programmer is, the more expensive it gets. The best ones are like superstars with their own agents. Employee turnover is a huge problem for most companies and long-time employment is almost unreal. According to the 2015 Recruiter Survey, the average employee tenure is below 6 years; 30% of people change their job in 1-3 years and 29% in 4-6 years. Quarsh’s research gives even more dreadful numbers – 20% of new hires leave in 12 months!
Even with low turn-over you need to be prepared for recruitment costs. These studies show that 79% of the workforce keep their resumes up-to-date and 63% have updated their LinkedIn profile just in case. Are you sure your employees won’t quit on you?
(Score: 2) by fadrian on Saturday December 31 2016, @06:24PM
There are a lot of reasons for reduced tenure in tech, the reasons mainly lying in the corporate boardroom. I'll believe in these stories of rock stars and dire talent shortages when I see average salaries going up. Until then, it's all BS put out by recruiters and companies trying to lower labor costs.
That is all.
(Score: 2) by Dr Spin on Saturday December 31 2016, @06:56PM
lying in the corporate boardroom is the main reason.
FTFY
Warning: Opening your mouth may invalidate your brain!
(Score: 0) by Anonymous Coward on Saturday December 31 2016, @09:57PM
A tenure of two years or more is long enough to make a positive impact. Someone who leaves after three years should usually be considered a successful hire unless they were pushed aside and/or marked for the next layoff.