At Pathway Group, we recognize the challenges and expenses associated with recruiting new employees, especially in the aerospace industry. According to a recent SHRM article, the average cost per hire is nearly $4,700, but total expenses can be three to four times the position’s salary. These costs include hard expenses like advertising, as well as soft costs such as the time managers spend interviewing candidates, productivity losses, and more.

Breakdown of Recruitment Costs:

1. Advertising and Job Boards: Promoting job openings through various channels can be expensive.
2. Recruitment Agency Fees: These can be a significant part of the budget if external agencies are used.
3. Internal Hiring Costs: Time and resources spent by internal HR and hiring managers.
4. Onboarding and Training: These processes require both time and money to integrate new hires effectively.
5. Productivity Losses: Time taken to fill positions can lead to reduced productivity and operational efficiency.

How Pathway Group Mitigates Recruitment Costs

At Pathway Group, we specialize in aerospace staffing and offer tailored solutions to help you manage and reduce these recruitment costs. Here’s how we can assist:

1. Streamlined Hiring Process: Our expertise and industry connections enable us to expedite the recruitment process, saving you time and resources. We manage the entire process from sourcing to onboarding, ensuring a seamless experience.
2. Access to Skilled Candidates: We maintain a robust database of highly qualified candidates, reducing the time spent on sourcing and screening. This ensures that you receive top-tier talent swiftly.
3. Flexible Staffing Solutions: Whether you need contract, contract-to-hire, or direct hire solutions, we provide flexible staffing options that align with your business needs. This flexibility helps manage costs effectively, particularly during periods of high demand or project-specific needs.
4. Enhanced Retention Strategies: By conducting stay interviews and providing insights into employee satisfaction, we help improve retention rates, reducing turnover costs and the need for frequent hiring.

Additional Benefits:

• Technology-Driven Recruitment: Our advanced technology stack creates a seamless user experience for both clients and candidates, enhancing efficiency and transparency throughout the hiring process.
• Servant Leadership and Work-Life Balance: Our culture of servant leadership ensures that both our team and the candidates we place are supported and valued, contributing to a positive and productive work environment.

At Pathway Group, we are dedicated to providing high-quality staffing solutions that not only meet your immediate needs but also contribute to the long-term success of your organization. By partnering with us, you can optimize your hiring strategy, reduce costs, and ensure that your business continues to thrive.

For more information, visit our website or contact us directly. Let us help you navigate the complexities of recruitment and find the right talent for your team.

Sources:

• Pathway Group
• SHRM Article on Recruitment Costs