Hiring the right people: long term, short term or job hoppers
According to Business Advice, the average cost of replacing an employee in the UK is around £11,000. As a result, making sure the right person joins your organisation is paramount. In 2019 there are pros and cons to hiring short term, job hopping and long term staff and what is best for your organisation is a unique thing.
Below we’ve highlighted some of the key benefits of the different types of employee.
The benefit of hiring short term staff:
If your hiring requirements are the consequence of maternity leave, long-term sick leave or extended vacations a short term member of staff would be a positive asset to your company. Temps tend to be lower cost than permanent employees and typically paid by a third-party agency. In addition, a temporary employee will usually be screened by the agency to ensure they meet the requirements and can also be replaced or removed at short notice if any issues present themselves.
The benefit of hiring job hoppers:
In a study published by Indeed in November 2018, a third of respondents felt that job hopping was a negative trend and that job hoppers actually harmed their company. However, this isn’t a deterrent to all as 98% of the UK workforce have changed jobs in the last 5 years. The obvious advantage to hiring job hoppers is the access to a range of transferable skills that they will be able to provide. In addition, job hoppers can inject new energy into a business, boosting morale and bringing in new ideas. We discussed the pros and cons of job hopping, here. It’s also becoming commonplace for departed employees to return to as company at a later date. We discussed the rise of boomerang employees, here.
The benefit of hiring long term staff:
Long term staff have a wealth of unique knowledge and experience. They are generally highly-productive, avoiding a lot of the common mistakes associated with being new in a role. They can also support the training of new hires and act as mentors to them. They also promote the idea of stability within a company, particularly those with exceptional tenures, which can encourage internal recruitment efforts.
Every company is different and hiring requirements may vary depending on culture, workforce size and company structure. Recruiting additional people will always change the dynamic and there are benefits and challenges to all different types of staff. Does your organisation have a preference of long term vs. short term? Let us know at [email protected].