In today’s competitive talent market, it’s tempting to focus on recruiting as a series of one-time transactions: find the people who have more skills and experience, make the right offers, beat everyone else in time-to-hire and compensation, and you win.
SHRM estimates the average cost-per-hire at $4,129, a number that only increases the longer a requisition continues unfilled and consumes resources.
Join BambooHR and PayScale as they explore the carefully nuanced interplay between recruiting promises, compensation, and actual experience throughout the employee life cycle.
You will learn:
- The long-term effects of short-sighted recruiting techniques on turnover
- Why analyzing going market rates and standardizing pay ranges throughout your organization is essential for long-term retention
- How reaching above the going market rate to attract an employee can lead to lower productivity and unfavorable employee comparisons
- How pay increase messaging and rationale impact employee engagement and workplace satisfaction