Hiring the right people is one of the most important decisions a business can make. But when faced with the choice of using a recruitment agency or handling hiring in-house, many companies hesitate, fearing agency costs.
However, the real question isn’t “Can I afford a recruitment agency?” It should be “Can I afford a bad hire?”
The True Cost of a Bad Hire
A bad hire doesn’t just affect your bottom line. It impacts productivity, team morale, and even customer satisfaction. Let’s break it down:
Financial Costs
Wages paid to an underperforming employee
Recruitment & onboarding costs to replace them
Lost productivity & training expenses
Potential damage to customer relationships
Research suggests that a bad hire can cost a company up to 30% of the employee’s annual salary….sometimes more!
Team & Culture Impact
A poor hire can disrupt the entire workplace, leading to:
Lower morale among existing employees
Increased workload for others trying to compensate
Higher turnover as good employees leave due to frustration
Lost Time & Opportunity
Every day spent dealing with a bad hire is time NOT spent on growing your business. If you have to restart the hiring process, you’re losing valuable time, delaying productivity, and potentially missing out on top talent.
Why a Recruitment Agency is the Smarter Investment
Working with a specialist recruitment agency like 2020 Recruitment eliminates these risks. Here’s how:
We get it right the first time – We take the time to understand your business, culture, and specific hiring needs.
We save you time & effort – You focus on running your business while we source, screen, and present only candidates that are the right fit.
We minimise your risk – With our 10% placement fee & 12-month guarantee, if your new hire leaves within a year, we replace them for free!
