Afinida HR’s Post

I have seen many times, If the best employee would leave your company for a 20-30% pay increase is likely going to cost you the same 20-30% pay increase to hire equal or greater talent. You might have to pay your best employees more than what it would cost you to replace them. As the cost of turnover includes not only salary but also the time and resources spent on recruitment, training, and lost productivity. Retention is key to maintaining quality and reducing expenses in the long run. This emphasizes the importance of retaining top talent rather than risking higher costs by losing them and having to hire replacements. #corporate #talent #hiring #recruitment #salaryhike #growth

A limited talent pool should not keep you from being picky. When hashtag #hiring, you must guarantee that you choose each employee because they fit the job, not because you have fewer candidates. Did you know: 🔴 Department of Labor estimates that a bad hire can cost an organization up to 30% of the employee's first-year salary 🔴 According to the Society for Human Resource Management, research suggests that replacing an employee can cost as much as 50% to 60% of an employee’s annual salary, with overall costs associated with turnover ranging between 90% and 200% Avoid costly hiring mistakes. It really pays to be selective, so never settle for less. Follow Great People Management for more posts like this.

HR Logic 101: Hiring? "We need someone who can join immediately!" Releasing? "Please serve a 3-month notice period, clear 17 approvals, and don’t forget the farewell cupcakes." So...how exactly do you poach talent on an urgent basis? Without joining compensation? Expecting people to leave secure jobs overnight? Dear HR across industries, your math isn't mathing. Let’s balance the scales, shall we? Meanwhile, friends keep asking me how to navigate these "double standards" of corporate recruitment. Maybe HR should consult us instead? #CorporateIrony #JobChangeChronicles #HRHumor #WorkplaceWonders

Effective hiring isn't just about filling roles; it's about unlocking potential. Discover how strategic hiring can empower your business. #HR #employment #effectivehiring #esop #resilience

💡 Why do companies reward new hires with massive pay increases, but hesitate to give their loyal employees comparable raises? I recently came across a statistic that recruiters are sometimes willing to offer new hires salary bumps of over 70%, but current employees struggle to get even a 30% raise. 😳 The kicker? Recruiters aren’t the decision-makers here – they’re working within the policies and budgets set by management. So, why do companies invest heavily in acquiring talent but seem reluctant to reward those who have already proven their value? Is it about market competitiveness, outdated internal policies, or something else entirely? 🤔 📢 Would love to hear your thoughts on this! How can companies better balance attracting new talent with keeping their current employees happy and fairly compensated? #Hiring #EmployeeRetention #WorkplaceCulture #Compensation #CareerGrowth

Boss: "Unfortunately we can't afford the pay raise." HR Manager: "They were a top performer." Boss: "We still can't afford it." HR Manager: "Then we should definitely pay it so they don't leave." Boss: "That doesn't makes sense." HR Manager: "It actually makes a lot of sense." Boss: "How so?" HR Manager: "If we can't afford a cost-of-living increase, then we can't afford to advertise the position, interview, hire, onboard, train, and pay the replacement." It costs less to keep your employees than to replace them, especially good ones. Lets connect Deepak Yadav

Filling an open position can be a challenging task. It's time-consuming, demanding, and pressure-packed, especially considering the significant impact of choosing the wrong person. The Department of Labor estimates that replacing a bad hire can cost an organization on average 1/3 of their annual salary, setting them back hundreds of thousands of dollars. The consequences of a poor hiring decision go beyond financial costs. Research from the Harvard Business Review suggests that as much as 80% of employee turnover is directly linked to bad hiring choices, which can also negatively impact overall employee morale. #Recruitment #HiringProcess #EmployeeRetention #HRInsights

The AppleOne Group of Companies Complimentary 2025 Salary Guide is here—and it’s packed with the insights you need to make strategic decisions in an increasingly competitive market. Whether you’re focused on hiring, compensation adjustments, or retention strategies, this guide is an essential resource for staying ahead of the curve. 🍏 What’s inside the AppleOne Complimentary 2025 Salary Guide? 🍏 Up-to-date salary benchmarks for key roles across industries 2025 compensation projections and market trends Hiring insights for attracting top talent in a tight labor market Retention strategies to keep your talent engaged Job Category-specific salary breakdowns to tailor your compensation plans Supportive local market information to make informed data-driven decisions for 2025 Connect with me on LinkedIn or email: jcriminisi@appleone.com for your copy! #humanresources #jobinterviews #hiringandpromotion #jobsearch #hr #recruiting #job #hiring #deeplearning #hamilton #burlington #oakville #toronto #canada

📊 Did you know a hiring mistake can cost up to 15 times an employee's salary? In Who: The A Method for Hiring, Geoff Smart and Randy Street reveal the hidden costs of bad hires—not just recruiting expenses, but also productivity loss and morale impact. With stakes this high, investing in a strong hiring process isn’t just a choice; it's essential. How does your team ensure top talent fits right in? Let’s discuss! 💼🔍 #Hiring #BusinessSuccess #HR #Recruitment

Early Hiring = Your organisational success 🌟 1️⃣ 𝗔𝗰𝗰𝗲𝘀𝘀 𝘁𝗼 𝗧𝗼𝗽 𝗧𝗮𝗹𝗲𝗻𝘁: Early hiring allows companies to tap into a pool of candidates before their competitors. By identifying and engaging with talented individuals ahead of time, organisations can secure the best fit for their roles, reducing the risk of settling for less qualified candidates. 2️⃣ 𝗥𝗲𝗱𝘂𝗰𝗲𝗱 𝗛𝗶𝗿𝗶𝗻𝗴 𝗖𝗼𝘀𝘁𝘀: Early hiring can lead to significant cost savings. By planning ahead, companies can avoid the expenses associated with last-minute recruitment drives, such as expedited hiring fees and overtime for current employees covering vacant roles. 3️⃣ 𝗘𝗻𝗵𝗮𝗻𝗰𝗲𝗱 𝗘𝗺𝗽𝗹𝗼𝘆𝗲𝗿 𝗕𝗿𝗮𝗻𝗱: A proactive hiring approach reflects positively on a company’s brand. It shows that the organisation values careful planning and foresight, making it more attractive to potential candidates who are looking for stable and forward-thinking employers. 🚀✨ Ready to drive innovation and growth? Speak to our team to start early and hire smart. #EarlyHiring #RecruitmentStrategy #TalentAcquisition #HiringSuccess #WorkplaceInnovation #HiringTips #HRInnovation #TalentManagement #FutureOfWork