More than half of UK firms plan to hire new staff

The human resources body, the CIPD, said it was the first positive signs for employment prospects it had seen in a year. More than half of UK employers intend to recruit staff in the next three months.

The sectors with the strongest hiring intentions include healthcare, finance and insurance, education and ICT.

So, the question many of you might be wondering is: Should my company hire more employees? It’s a decision that shouldn’t be taken lightly. Take the time to be cautious and strategic, and ask yourself these questions to know when to hire.

• Can I afford it
• Is it the right time?
• Do I understand the hidden costs?

Recruiting is one of the biggest expenses a company has – and one of most overlooked. Besides the obvious costs of salary, benefits and office space, a lot of hidden ones are lurking.

Each job candidate brought into the office is usually interviewed by at least three people, often your top performers or members of the team you’re hiring for – which is already stretched to do its work. Therefore, you’re losing production time of some of your most valuable people during this process. The new hire will likely be trained by one of the best employees you have, meaning that individual will spend valuable time away from his or her core job.

People want more money when they change jobs, so you may have to pay new employees more than existing ones.
New workers take a while to get to full functionality. You’ll still have to pay them their full salary while they get the hang of things.

That’s why it’s often better to contact someone to hire people for your company. This way, you save money and time. Would you like to know more about this way of hiring?
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