The Cost of Recruitment in Ireland

Recruiting new employees is an expensive process. Not only does recruitment take a lot of time and effort, but it can also be financially costly. In today’s competitive job market, retaining talented employees has become a top priority for many employers. According to the 2022 HR Barometer Report from Adare Human Resource Management, employee turnover rates have doubled in the past year and are expected to increase further.

The report also reveals that recruitment costs have risen significantly, posing a financial burden for businesses, particularly large ones. According to the report, the cost of recruitment has increased to €7,491 per employee, up from €4,215 in 2021. This figure is even higher for larger companies with more than 250 employees, who can expect to pay up to €14,690 per employee. With a turnover rate of 18%, the cost of recruitment can add up quickly.

But what if there was a way to avoid these recruitment costs altogether? Enter WrkWrk, a temp staffing agency that provides businesses with the ability to hire temporary staff as needed, without the high cost of recruitment. By using WrkWrk’s services, businesses can avoid the costs associated with hiring new employees and can instead hire temporary staff on a short-term basis, as needed.

In addition to the financial benefits, WrkWrk can also help businesses with staff retention. The HR Barometer Report found that over half of employers identified staff retention as a top HR priority this year. By using temporary staff, businesses can avoid the need for permanent staff and the associated turnover costs.

Flexible working arrangements are also becoming increasingly important for businesses, with nearly 40% of employers introducing flexible working initiatives over the past 12 months to support retention. This is where WrkWrk shines; by providing access to our database of over 4000 temporary staff who are available to work on a flexible basis, our clients can meet their staffing needs without committing to permanent staff.

Overall, the increasing cost of recruitment and the significant increase in staff turnover, means that businesses need to consider alternative staffing solutions. WrkWrk provides a cost-effective and flexible solution that allows businesses to meet their staffing needs without the expense of recruitment. By using temporary staff, our clients avoid recruitment and staff turnover costs, while also benefiting from flexible working arrangements.

Whether you’re a large business or a small one, with the help of WrkWrk, you can focus on what really matters – building a strong, engaged, and productive workforce. So why wait? Contact us today and take the first step towards staffing success!