Connecting People with Careers

Up to a third of new employees aren’t passing their six-month probationary reviews

July 9, 2019

New research, published by recruitment-tech firm, Worksome, provides detailed insight on the troubled state of recruitment in the UK.

Our research found that, on average, businesses spend nearly £6459 a year on recruitment and hiring. If a candidate doesn’t work out, not only are these fees lost, but the salary for the probationary period is also wasted. With the average advertised UK salary being c. £35k (according to Adzuna), this equates to potentially £17k lost over a six month probation period.

In total, that means that one in every three new hires could be wasting businesses £23k.

According to Mathias Linnemann, Co-founder of Worksome, there are many reasons why a business may turn to a recruitment consultant. “The prospect of saving time can be a major lure especially in a world where it’s essential to fill positions quickly, and promise to deliver a quality of candidate that businesses are otherwise unable to access. For business leaders lacking confidence in recruitment, the promise of quickly supplied talent is enough to make the recruiter’s commission fees seem worth it.

“However, our research demonstrates that the traditional recruiter method of securing talent is simply no longer working. Businesses are clearly feeling that there is lack of knowledge in their business which – in a fast moving world where getting the right skills, at the right times – could be the difference between success and failure.”

This is bad news for the businesses that are spending large amounts on this route to talent sourcing. However, this is also bad news for recruiters, whose industry risks being disrupted if it can’t find a better way to help businesses find the right skills. Unhappy or badly matched candidates who may be ending up in the wrong roles — and are forced to start the job hunting process again after just six months, leaving business owners picking up the tab.

Linnemann shares his thoughts on how employers and recruiters can ensure that they don’t fall foul of the failings in the recruitment process:

“With a third of candidates not making it past their six-month probationary period, we can see that something is broken in the recruitment and hiring process. While our research suggests pain-points relating to the use of recruitment consultants, there is no one single factor to blame. For many businesses, recruitment consultants offer a vital service and so shouldn’t be dismissed, or all tarred with the same brush. If hiring managers can feel more confident about candidates and recruits before they walk through the door, they can take back a level of control and feel more empowered to make the right decisions.

“Using technology alongside the traditional recruitment methods is the best way for hiring managers to access the talent they need in a smarter and more sustainable way. The right recruitment-tech can help businesses validate and hire talent more quickly and more affordably than traditional recruiters. These systems, which use AI to automate CVs and applications for the best fit, can also remove any subconscious bias that plays into decision making. As well as empowering hiring managers, such solutions can also improve the way recruitment consultants operate by making it impossible to fill a role for the sake of filling it — with the wrong candidate for the job.”

Source Link:  https://www.bmmagazine.co.uk/news/third-of-newly-hired-employees-fail-to-pass-probation-costing-uk-businesses-tens-of-thousands-each-year

RECENT POSTS

Job Hunting in December

READ ARTICLE

December 2, 2019

British workers reject 9-5 as the way to make a living

READ ARTICLE

November 22, 2019

Navigating end of year office celebrations

READ ARTICLE

November 19, 2019

Record low business confidence denting ambitious hiring plans

READ ARTICLE

October 31, 2019

Banning out-of-hours email likely to be harmful to some employees

READ ARTICLE

October 18, 2019

How to improve your Linked In profile

READ ARTICLE

October 9, 2019

What to check for in your contract before taking a job

READ ARTICLE

September 26, 2019

Experience or education: which is more important?

READ ARTICLE

September 11, 2019

1 in 5 Employees Quits Job Over Poor Payroll Experience

READ ARTICLE

September 5, 2019

How to manage your references

READ ARTICLE

September 5, 2019

How to leave a job without burning bridges

READ ARTICLE

August 19, 2019

UK Heatwave: What Are Your Rights At Work?

READ ARTICLE

July 24, 2019

Two million workers could receive statutory sick pay for first time

READ ARTICLE

July 16, 2019

Countdown to IR35 Legislation in the private sector begins

READ ARTICLE

July 16, 2019

Up to a third of new employees aren’t passing their six-month probationary reviews

READ ARTICLE

July 9, 2019

Employer confidence beginning to show signs of improvement

READ ARTICLE

June 27, 2019

How to write a job advert (with examples)

READ ARTICLE

June 27, 2019

What to ask in an Engineering Interview?

READ ARTICLE

June 27, 2019

Worker confidence in the UK jobs market falls

READ ARTICLE

June 26, 2019

The best jobs for work-life balance in the UK

READ ARTICLE

June 26, 2019

Most workers avoiding moving jobs due to low pay, research suggests

READ ARTICLE

June 25, 2019

Over-50s ‘driving UK’s jobs miracle’

READ ARTICLE

June 25, 2019

Government calls on more women to take up engineering careers

READ ARTICLE

June 25, 2019

We have moved!

READ ARTICLE

August 30, 2018

Candidate shortage threatens the job market 'feel-good factor' – REC

READ ARTICLE

August 22, 2018

UK unemployment is at an all-time low

READ ARTICLE

August 14, 2018

List attains REC Audited status

READ ARTICLE

August 7, 2018