Recruitment costs too much – Financial planning practices going it alone with costly consequences

Peter Dawson

Peter Dawson

The SLICE survey conducted by Peter Dawson of the Dawson Partnership and Susan Rochester of Balance at Work found that financial planners are averse to using recruiters as they believe their fees are prohibitively high but then end up with considerable unforeseen costs associated with doing it themselves.

More often than not these ‘hidden costs’ of DIY prove to be very expensive in terms of the resources required, including the business owner’s time and that of staff supporting them.

These burdensome costs can be avoided by taking on board the advice is contained in the new edition of Successful Recruitment – Transforming your business through best practice.

Successful Recruitment puts you in the driver’s seat with all the requisite tips and tools for making an objective business decision about what will work for you in a recruitment program.

‘It is important that when you are looking at hiring a new staff member that you come from an informed position as to what is involved, so what we have done is not only provide detailed guidance as to how to go about a DIY recruitment program but how to deal with recruiters and understand what the real cost will be to your business’ says the author, Peter Dawson.

Included in this edition is a cost calculator that allows you to accurately understand what it will cost your business to DIY and from there you have the information you need to compare this to the fees charged by a recruiter.

‘You might find that there isn’t as wide a gap between the costs to your business to DIY and recruiter’s fees as you thought. When you look at what a recruiter can do in terms of candidate identification, screening and management through the recruitment process, less emphasis is placed by the planner on the cost of the recruiter’s fees and more on the value they are able to add to the recruitment process.’

There are certainly enough war stories out there of failed recruitment programs where recruiters have been involved, causing many business owners to shy away from using them. In this book the DIY approach is covered in detail, with extensive advice and guidance that will enable even a novice to undertake a successful recruitment program.

Successful Recruitment is focused on enabling business owners to not only make an informed decision about how to go about the recruitment program but provides case studies and a range of tools that are used by recruiters. These are the building blocks of a recruitment program, including practical guidance for putting together an effective recruitment strategy, interview and reference questionnaires and candidate assessment.

To help you make the right decisions and avoid the costly pitfalls of recruitment, the new edition of Successful Recruitment is available on Amazon.

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