INSIGHTS
VACANCIES COST
VACANT POSITIONS ARE EXPENSIVE
Not finding the employees the company needs is expensive.
The company may lose revenue due to missed deals, employees who have to do more with less resources, costs of mistakes when employees have too much to do, etc.
Calculations show that a vacant position can cost up to SEK 6,000 per day and for senior key roles the cost can be significantly higher than that.
Often, companies postpone recruitment and start the process in a situation where it has suddenly become urgent. It is better with long-term planning when possible, to avoid vacancies.
Also make sure to keep the recruitment process short so that you get a new person in place as quickly as possible and minimize the risk of losing candidates along the way.
Sources: Morgan McKinley, Officevibe, CoGig's own research
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