An unexpected vacancy… This happens to every manager at some point. It might be a serious sickness, family circumstances/relocation, or just a valued employee taking a new position. But from the backend of that a key post becomes available.
“We’ll take care of it,” you could think. “Others will do the work, or I will, and we’ll fill it eventually.”
Is that, however, the best approach?
When starting out in business, the expression “cost of vacancy” is well-known. This is commonly determined by dividing annual income by personnel count. Is that, ultimately, an accurate reflection of the full cost? No. Even seasoned executives usually underestimate the true cost of an unexpected available job.
We understand that every hire comes with a cost that can have a positive or negative impact on a business, which is why we launched a Midas Recruitment Salary Survey to assist you in understanding what market averages truly look like. Click here to view.
Midas Recruitment has years of experience in both the UK and US markets and can keep your business going with professional and talented Freight Forwarding & Logistics personnel; contact us now to get started.