The cost of recruiting even one employee can easily reach $4,000 — at least that’s the national average. That figure is a tough pill to swallow for most small businesses, but investing in recruitment while focusing on “selective” hiring practices can provide greater returns. If you’re able to find talent that can excel with your business, you can experience a 7.5% increase in revenue and a 6.1% profit growth.
Unfortunately, many small businesses run on fairly tight budgets. They also operate without traditional hiring managers, leaving recruitment efforts to someone on the sales, marketing, or finance team.