Minimising the Manifold Cost of Recruiting Coders
A recruitment drive is a great sign of growth. But the potential pitfalls, risks and high costs of hiring represent a loss to balance with the talent gain. The costs of new recruits chiefly fall into the below areas.
Shortlisting candidates to interview
Recruitment agencies offer a useful option where HR resources are limited, delivering candidates ready for interview. Recruitment agencies offer a useful option where HR resources are limited, delivering candidates ready for interview. But demand for developers has allowed agents to charge more than 20% of annual salary1 – coupled with a rise in salaries themselves. Enterprises can avoid this by advertising a job via their own channels and/or third parties, typically costing $225-$399 per role advertised2.
This is a low cost for a flood of applicants, but it’s only the start of the process. Finding the outstanding candidates means reviewing all the received applications – time-consuming for your staff to give careful consideration to each candidate – and even then, may miss points on CVs that show more or less suitability for the role. At this point, unintentional subjectivity creeps into the hiring process.