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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: 0) by Anonymous Coward on Sunday January 01 2017, @04:24PM
And he keeps telling me that if you just hire on the right place and put in the work you will have a job for life.
I keep pointing out to him it isn't the same market as when he got out (which he got out because of shitty working conditions and basically a 'quiet' mental breakdown... he stopped being productive, but had enough vacation time accrued that he was able to go on vacation, decide to retire, and then just put in a few days/weeks doing wrapup work.)
I told him 'if it is so easy in the job market, like you presume, why don't you go put in a few applications and tell me if it is the same process as when you last applied (20+ years ago...)' He so far hasn't been willing to find out, but keeps using how things were in his discussions of how I should be managing my future.
Something something shove dinosaurs in the ground so we will have more oil :)