Delayed hiring impact calculator

Delayed Hiring Impact Calculator: It's Real Money

Below are two example job positions showing the actual cost of delayed hiring. To customize, simply enter numbers that reflect your job and press the "Recalculate" button below. The "Ramp" reflects a gradual, non-linear assumption of duties.

All costs and benefits are then displayed by month so you can further understand the impact of delayed hiring by month.

Annual
Base Salary
(Cost)		 Use
Ramp-Up
Learn More		 Annual
Sales Quota
(Benefit)		 Months the Job Remains Unfilled True Cost of Delayed Hiring
(Benefit - Cost)
Account Executive


Month 1
Month 2
Month 3
Month 4
Month 5
Month 6
 $ ,000

Monthly
$10,000
$10,000
$10,000
$10,000
$10,000
$10,000
 $ ,000

Monthly
$20,000
$30,000
$40,000
$60,000
$80,000
$100,000
$270,000

Monthly
$10,000
$20,000
$30,000
$50,000
$70,000
$90,000
Annual
Base Salary
(Cost)		 Use
Ramp-Up
Learn More		 Supported Value of Client Work
(Benefit)		 Months the Job Remains Unfilled True Cost of Delayed Hiring
(Benefit - Cost)
Research Manager


Month 1
Month 2
Month 3
 $ ,000

Monthly
$6,667
$6,667
$6,667
 $ ,000

Monthly
$33,333
$33,333
$33,333
$80,000

Monthly
$26,667
$26,667
$26,667



Hiring Right and Fast

If you're trying to staff or re-staff your MR organization, time is money.

  • The sooner you hire a Sales Executive, the sooner your revenue and profits can grow.
  • And if you're looking to hire a Research Manager, the sooner you fill the position the sooner you can reallocate workloads and support additional business -- generating more profit.

Too often organizations focus upon the expenditures of hiring rather than the true cost of delayed hiring -- which is foregone profit or opportunity.

Example 1: Sales Executive - Growing the Topline

  • Consider an MR Account Executive with an annual quota of $1.2MM or $100K per month.
  • If the position remains unfilled for six months, the organization loses $330K in sales and $270K in profit given a traditional ramp-up period.
  • With a base salary of $120K and a 25% recruiting fee, the cost of hiring is $30K.

        Conclusion: It's a wise business decision to spend $30K to earn $270K.

Example 2: Research Manager - Supporting Clients
The impact of speedy hires is even more dramatic when the candidate "hits the ground running" requiring little time to meet their target workload.

  • In the example above, each month the Research Manager position remains unfilled costs the organization $26.7K.
  • Over the course of one year the organization would miss the opportunity to support $320K in additional business.

        Conclusion: Quickly locating and hiring the right person can relieve overworked professionals and support growth.

We Can Help
Of course, it's always better to hire right than fast. And that's where we excel. We can help you fill your positions with quality professionals more quickly than other recruiters or in-house staffing initiatives. This reduces stress and allows your company to grow and earn more.

With our network of 100,000+ MR professionals, we fill most positions in less than two months with exactly the right people.

Contact or call us at 203-968-2773 to help staff your team. We would be delighted to help.





Ramp-Up Explained

Ramp-Ups are generally used to dampen productivity when there is a prolonged learning curve. In this example, we use a six month period to achieve full performance per the chart below.

Ramp-Up by Month
Ramp-Up Period