City Personnel Blog

The True Cost of Job Vacancies

Have you ever considered the impact of leaving empty job positions unfilled? Not only can empty job openings reduce productivity, but they can create significant financial losses for your firm’s bottom line. Here’s what your job vacancies are costing you, and how a staffing firm like City Personnel can fill the gaps...
August 17, 2017

Have you ever considered the impact of leaving empty job positions unfilled? Not only can empty job openings reduce productivity, but they can create significant financial losses for your firm’s bottom line. You might think these losses don’t affect your day to day routine, but think what improvements could be made with more funds: office upgrades, fun work team events, and the ability to offer more benefits. Here’s what your job vacancies are costing you, and how a staffing firm like City Personnel can fill the gaps...

According to the Harvard Business School, the average employee earning $40,000 per year can contribute up to $120,000 annually to the business that employs them. Businesses with vacancies stand to lose that $120,000, which is a loss of about $465 per day if calculated on a daily basis. What could your firm do with these funds?

In addition to the financial cost of job vacancies, the absence of a team member can lead to lower morale among overworked employees whose responsibility it is to complete the workload that would ideally be absorbed by an additional colleague. Spreading the workload across a fully staffed firm eases tension, and removes the strain of having to prioritize multiple projects with looming deadlines. It would be a shame to lose valuable team members who felt they were being unfairly tasked with having to do the work of two or three people.

The solution to avoiding costly job vacancies is to partner with a recruiting firm like City Personnel to satisfy your staffing needs. We can remove the burden of spending your valuable time recruiting the right candidate. Our dynamic recruiting team is uniquely positioned to source the best professional talent because of our familiarity with the local job market. We can do the work of sifting through resumes and filtering out unqualified applicants. We also take the time to truly get to know our candidates and can tell whether or not their energy and personality will complement your team. Ready to learn more? Get in touch with us at admin@citypersonnel.net to see how we can help your company grow.