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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, @05:17PM
I saw the same thing working directly for someone I had gone to school with. The irony of it however was 'I got to own the position' as it were, just not paid commisurately nor 'on the books' (It was a non-IT 'startup' business). I actually had a good idea of the guy's character before this, but I was curious to find out if I'd misjudged him. Long story short after months of work (and the business being established well enough I could have either been on the books or a shareholder) he made it clear he wasn't doing either, and while he'd pay a legal wage he wasn't willing to pay market wages.
Needless to say I moved on to other career opportunities, but the few times we were in contact either he or his business associate would comment on how they hadn't had as good of an employee since (and they wonder why...)
The sickness in American business runs from top to bottom. And the issue with it is that our system isn't rewarding good and honest businesspeople or long term endeavors over hack jobs who ruin either their company or employees. In fact the penalties for doing so are low enough that in all but the most egregious cases (or where the wrong person/NGO wasn't 'donated to') the penalties are far lower than the profit gained, making it a no-brainer which path to take for all but the most pious of men (who probably just got ran out of business by a less honest competitor as a result.)