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The Cost of Hiring

Christopher Vella, Group Operations Director, Pentasia International Recruitment.

10th Mar 2010
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If you think about it, how much time does it take you to identify, select, hire and train a new employee? Now translate that time into money plus the opportunity cost of not focusing on your core activity. Have you ever worked out how much it costs to hire an employee that turns out to be the wrong person for the business six months down the line?
These and other similar questions come to mind when it comes to making a decision on hiring new people. As we slowly come out of a worldwide recession, companies are more cost conscious; there is more talk about maximization of profits and minimization of costs.

The role of the recruitment consultant has developed over the years. With the improvement in technology and the spread of social networks, the value that is added by engaging the services of a recruitment consultant is even greater. Hiring managers do not pay recruitment fees simply to get a list of names of potential candidates. They expect to be provided by a personalized service, including a good understanding of the role, company culture and policies, relocation (if and whenever required) and reference checking. The bar has been raised and recruitment consultants are expected to go the extra mile to provide their clients, not only with excellent quality candidates, but also the customized service and advice that go with it.

Pentasia is a licensed recruitment agency focusing purely on the iGaming and IT sectors. Founded in 2001 in the UK, and in Malta since 2006. Working extensively through past reputation and referral, we have developed a worldwide network of clients and contacts that is unrivalled across these sectors.



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