The Great Resignation is creating a talent drought but external recruiters hold the key?
The average cost of hiring a new executive is $34,440, compared to $23,059 for senior-level managers, $17,841 for mid-level and $9,772 for entry-level positions – that’s according to recent data from ELMO. In the pandemic, it’s become increasingly difficult for HR leaders to source and cement much needed talent, with the skills shortage ravaging the global economy. With that in mind, should employers be looking to use an external recruiter, rather than relying on internal teams? Sharon Gray, head of people and culture at OzHarvest, thinks the costs between hiring an external recruiter and having an internal recruitment function are likely to be negligible. “