Austin Lewis’ Post

The Real Cost of Hiring: A Fun Fact! Did you know that hiring an outsourcer isn't just about their hourly rate? You have to add around 18% in extra, sneaky indirect expenses... And guess what? The true cost of an internal employee can be up to 50% higher 😲 Get ready to be among the first to receive 80 Level Research team Big Outsourcing Report https://lnkd.in/dgAR_TQM

Nearly one-fourth of companies plan to hire over the next three months, according to the October 2024 NABE Business Conditions Survey. In times of economic change, having access to flexible capital is key. Reach out to learn more. https://lnkd.in/gpBjiRZ4 #Staffing #Hiring #PayrollFunding

Imagine a manufacturing plant struggling to keep up with demand due to a shortage of skilled workers. The engineering team is stretched thin, trying to innovate without the necessary support, and the finance department is buried under a mountain of paperwork, unable to focus on strategic growth. That’s where we come in. At Manpower Group, we understand the unique challenges faced by these industries. Our client, a leading manufacturer, was facing a similar crisis. By leveraging our deep pool of pre-vetted professionals, we quickly filled critical roles, from precision engineers to financial analysts. The result? Production efficiency soared, innovation accelerated, and the financial team finally had the bandwidth to focus on strategic initiatives. With our expertise in staffing for manufacturing, engineering, and finance, we don’t just fill positions; we transform businesses. Let us help you find the right talent to turn your challenges into success stories. #StaffingSolutions #Hiring #TopTalent #BusinessGrowth #Recruitment #StaffingServices

Did you know that the average cost per hire is near $4,700? Shocking, but true, and just the beginning of the recruitment expense iceberg. The cost of acquiring a fresh face in the office can escalate to three to four times the position's salary. It's not just the money - contemplate the invested time by departmental leaders, which can make up 60% of the total expenditure. Moreover, the typical recruitment fees can range from 15-25% of the new hire's first-year salary. Meanwhile, your pocket incurs an average of over $25,000 monthly, which racks up to $300,000 annually for in-house recruitment services. Navigating these expenses wisely can make all the difference in leading a successful enterprise. Does your organization hire effective and what are the actual costs per hire? Do you track them and if so, have you compared those costs to the benefits and end cost of using as staffing firm like TEEMA? Email if you want to learn more at [email protected]. #CostPerHire #RecruitmentExpenses #HRCosts #TimeInvestment #RecruitmentFees #InHouseRecruitment #OnlineRecruitment #CostManagement #BusinessSuccess #ExpenseNavigation #TEEMA #ReachifyMe

Managers, Have you ever faced a situation where an employee takes a long break, leaving you without backup? Employees taking unexpected breaks can increase the workload on existing employees, often affecting their creativity and productivity. The situation becomes worse when the break extends to more than a month, impacting critical projects within the company. Recently, we were approached by a leading telecom company with a similar concern: They urgently needed to hire an experienced professional. With a strong community of over 250K financial professionals from various fields, we helped find them the perfect match, helping the organization meet its requirements efficiently 👍 > That's the magic of Contract Staffing. It not only saves your resources but also saves your precious time, all while ensuring you get the expertise you need. Contract staffing enables companies to partner with recruitment firms like Corenza to find the best candidates on short notice. If you frequently encounter such challenges related to finance positions in your company, We at Corenza can help you find the relevant and ideal candidate within your budget range.. Feel free to DM me to learn more about our services and how we can assist you in achieving your finance hiring objectives. 🤝 #ContractStaffing #StaffingChallenges #FinanceHiring #FinanceRecruitment

Top 6 Growing US Staffing Segments in 2024? If you're operating in the US contract market, here are the top sectors expected to experience revenue growth in 2024  👇 Tech & IT ⚙️ 2024 Market Value = $43.2 Billion Projected increase = 5% Engineering 🔧 2024 Market Value = $10.4 Billion Projected increase = 8% Finance/Accounting 📊 2024 Market Value = $9.1 Billion Projected increase = 4% Life Sciences 🔎 2024 Market Value = $3.5 Billion Projected increase = 5% Education 📚 2024 Market Value = $2.2 Billion Projected increase = 7% Marketing 💻 2024 Market Value = $2.1 Billion Projected increase = 5% Want to a more in-depth review of the forecast for the US staffing industry in 2024? I spoke to John Nurthen from SIA on this exact topic!👇 https://lnkd.in/ekbaVqiZ #usstaffing #recruitmentindustry

I appreciate Diane Prince sharing this insight into the recruitment industry. My firm specializes in the IT and Tech sector. This blog provided a bit of perspective: just one millionth of a percentage of that industry sector business in 2024 is $4.32 MM. (Maybe my incredibly talented and knowledgeable bookkeeper Liz Sowers should check the math). For some large recruiting firms, that's a drop in their revenue "bucket." For most boutique firms, even if my math is a bit off, it's not such a terrible year. We in the recruitment industry often position ourselves in the market as helping companies hire "top talent" by improving efficiencies and processes. More than once I've caught myself bemoaning a client's outdated and overly complex hiring processes, untimely responses, etc. It could be just me... Perhaps we in the recruiting industry (myself included) who are hoping to grow their business or even better serve existing clients, might look at ourselves and review our own approaches and attitudes. Then when we offer to clients or prospective clients our services to make recruiting talent easier, more cost effective and efficient, it's because we've done the hard work ourselves in our own business and adapted to the needs of the market. https://lnkd.in/gmZxxiau

🚨 Rethinking Controller Recruitment Costs! 🚨 According to Stepstone, filling a Controller role can cost up to $130K and take 6 months. It's time for a change. Enter ITFM solutions - reducing frustration and speeding up onboarding by ditching complex Excel for intuitive tools. Imagine Controllers achieving more with less hassle and quicker ramp-up times. Let's invest in solutions that not only cut recruitment costs and time but also empower our finance teams to thrive. 🚀 #CloseITCloserBiz #ControllerJobs #ITFM

This is true in any industry

YOUR SAY: WHAT PERCENTAGE OF YOUR RECRUITMENT FINANCE FUNCTION IS OUTSOURCED? 72% of responders in last week's poll told us that their finance function was either fully in-house, or less than 33% of their finance function was outsourced. What are your thoughts on outsourcing the finance function? At 12pm GMT, we'll also launch this week's poll on hiring trends in the finance function. If you're seeking to recruit finance professionals into your recruitment company please speak to Matt Newman or Orla Oates. #CaminoPartners