STAFF ATTRITION CALCULATOR
Our free-to-use Bad Hire Calculator uses the latest Oxford Economics and Society for Human Resource Management metrics* to work out how much money you are blowing on bad hires.
STAFF ATTRITION CALCULATOR
Our free-to-use Bad Hire Calculator uses the latest Oxford Economics and Society for Human Resource Management metrics* to work out how much money you are blowing on bad hires.
It takes five minutes to complete, you will receive a seven-page report instantly, and it is yours to keep. Bad Hires and, outdated, poor Recruitment practices have cost businesses millions of pounds/dollars a year.
At Mercury Hampton Ltd we do not see successful recruitment as filling a job role and making a placement. We look to place somebody into an organisation that stays with you for 5 to 10 years, this is success.
If someone leaves your business during their first year of employment, then there is no getting around it – that is a bad hire. In addition to wasted time and potential reputational damage, the true financial cost to your business could be 3.5 x their annual salary.
We know that it could be put to better use elsewhere in your business.
We ask our clients “of the people that you employed in the last 12-24 months, how many have you retained for at least for one year”.
As John Caudwell, a UK billionaire says - he is lucky, he will only get recruitment wrong 70% of the time. We say we can get it right 96% of the time.
The status quo has been like this for as long as we can remember, this has been normalised because recruitment is a “hit and miss” process.
We think there is a better way… Recruitment methodology has stood still for 25 years; it did not acknowledge technological and scientific advancements that can impact the recruitment process positively. But we do. And we are revolutionising the way recruitment is done.
Mercury Hampton gets it right 96% of the time.
We utilise digital technology to test on candidate skills and experience and their behaviours and attitude to make sure they are the best suited for the position and culturally aligned with your company.
We like to think of ourselves as 96% perfect. Even though we’re not right 100% of the time, we will fix the 4% at our expense by offering you a 12-month replacement guarantee!
So, take it for a spin. How much have bad hires cost your company within the last year? Try out our staff attrition cost calculator!