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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: 1, Interesting) by Anonymous Coward on Sunday January 01 2017, @12:52AM
Story from about 5 years ago. My GF screened applicants for a job -- she was leaving town after ~15 years and helped her boss find a replacement for her own job. She ran a small office, there is no HR in the tiny company, and she is a decent person, so she decided to send out emails to the people she rejected.
The job description included being able to generate correspondence with a very low error rate (no one's perfect, but the boss liked things to be as good as they could be). Many of the resumes that came in were full of typos, wrong words, etc. -- instant rejection.
Thinking that it might be helpful to the applicants in the future, she tried politely pointing out some of their errors to explain why they were rejected. Big mistake--she started to get hate mail back from the applicants! I saw a few, they were poison, really angry people.
I think she kept sending rejection letters, but they were just boilerplate after that experience.