RM April 2020

THE VIEW AND THE INTELLIGENCE

Why we need voluntary standards p2 BI G TALKI NG POI NT

Get ready for the new rules on 6 April p4

Recruitment Issue 84 April 2020 Ma ers

HADLE Y’S COMME NT

Seize the opportuniঞes of change p6 PRODU CTS AND TRAI NI NG

Upcoming training and events p8

REC report: adding value

Boost productivity with be er recruitment

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e ng recruitment right can boost produc vity, but ge ng it wrong could cost big money, according to the latest report from the REC. A bad hire of a mid-manager on £42,000 can cost a business as much as £132,000, and the report calculates that £40,500 of this is lost because of reduced produc vity across the business. The rest of the losses occur because of wasted training and recruitment expenses. Produc vity goes down when, for example, co-workers have to pick up the slack, staff morale falls, deadlines are missed and orders are unfulfilled. This cost to produc vity is more widespread than you might think. Almost nine in 10 businesses (85%) say they have hired the wrong person for the job at some point. As organisa ons try to solve the puzzle of why the UK has had low produc vity since the late 2000s, ge ng recruitment right could make all the difference.

@RECPress RM_APRIL 2020-NEW.indd 1

Overcoming the talent delusion The report iden fies six areas where ge ng recruitment right (for example, by helping businesses to find that perfect match) can boost produc vity – with knockon effects for the whole economy. The report argues that many bad hires happen because of a “talent delusion”, when employers try to fill a role quickly and treat labour as a commodity that can be bought to fill vacancies. But performance is about more than that: good recruitment can help to unlock individual mo va on and collec ve energy to make a real impact. You have to have the right person in the right job in the right organisa on! “Recruitment must address how people feel – both in making the decision to join and in ge ng the right landing into the business to set them up for success. With 93%

Good recruitment can help to unlock individual moঞvaঞon and collecঞve energy to make a real impact

Making great work happen

of employers seeing an inclusive workforce as important or vital to their success, helping businesses to reach a wider pool of talent is essen al,” said Tom Hadley from the REC. “Helping clients to design an inclusive workplace and make the most of technology and flexible working will help them to reap the rewards of good recruitment. That’s why recruiters are an important piece in solving the produc vity puzzle.” Get the full report on the REC website at www.rec.uk.com

www.rec.uk.com 03/03/2020 16:34