Hiring the right employees is one of the keys to business success. Any business! The aspect of human resources, even though the era is getting more modern, plays an important role, in determining the success or failure of a company. If your company works in the IT field, IT staffing is “a headache.” If today you are struggling with this problem, you are on the right page. Keep on reading!
Recruitment costs are a source of problems in IT staffing but there are methods that can be used to reduce these costs, one of which is by increasing employee retention.
In the United States, the average cost of hiring an IT employee is $4500-5000 and of course, that is an average cost regardless of differences in a business location, IT responsibilities, operating sector, etc. However, every company still has the opportunity to save on recruitment costs without having to tolerate a decrease in the quality of recruits. There are many companies that provide IT staffing services, for example, developer augmentation, at affordable prices.
The following is a range of IT staffing costs in the United States:
IT contractor fee per hour
IT contractors are often associated with less time off, less complete health insurance, and higher job security. $4,500 usually includes the formulation of company objectives, assessment of candidates, distribution of job positions, and digital marketing. That doesn’t include cost increases due to inflation, usually reaching 4.5%.
Cost of skilled internal personnel
Please note that account managers in IT personnel are more than just the HR department. They are usually very tenacious in bringing out the best candidates for you. In the United States, the average staff turnover rate is 22% with an average cost of $4,000 per hire.
Cost of posting vacancies
Any internal recruitment team has to publish job vacancies and of course, that costs money. Workboards are the oldest and most popular option. The pandemic two years ago made major changes in the field of job hiring in the United States and many other countries around the world. More people are unemployed means greater competition. Here every company must be selective or they will be caught in the wrong wave of recruits. Publication of the right job vacancies is needed to filter as carefully as possible. The cost of posting vacancies on various job search sites is usually around $1.5 per click. Of course, it is quite large.
Referral program fees
More than half of millennials have quit their jobs before 12 months. Thus, many companies are required to have the right flow of candidates to narrow the gap between the number that comes out and the number that comes in. A referral program within a company can reduce the burden on the company in finding new candidates. There is no standard fee here but to run a referral program a company usually costs up to $1,000 per referral.
Thus the range of IT staffing costs in the United States. Did you find this information helpful?