What it Costs to Hire the Wrong Person
“Try and Error” vs. Professional Recruiting”
At the latest at a monthly salary of 50,000 THB, the question arises whether one should engage a professional recruitment agency for the search. Quality agencies charge roughly 2.5 – 3 months’ salary including a success fee to conduct a comprehensive screening, filtering, and evaluation of the candidates. It’s a comprehensive recruiting process. That’s not on the cheap.
But against this, what price to pay for making the wrong personnel choice? Let’s do a cold business calculation!
- First, even the most unfit candidate wants his salary each month. Plus, he higher remunerated the position, for the longer it takes to assess the fitness of the novice employee. Therefore, let’s assume that it turns out after a probation period of two or three months that we hired the wrong person. This makes it already a “draw” compared to the costs of a recruiter.
- Respectable companies will also follow the laws. It means that even during probation, there is an “one-pay-period” so at least 30 days’ notice before termination. Now, already the cost of hiring a recruiting service is lower by 1 month’s salary versus filling the job wrongly.
- If one is only uncertain for a few days longer whether the “new one” was a misstep or is still developing, an employment of 120 days was reached quickly and a severance payment of one month’s salary is legally due. 70 % or 2 monthly salaries is the cost of “saving” the fee of a hiring a professional recruiter. At a salary of 50,000 THB, this is already an add-on cost of 100,000 THB.
- Last but not least, the damage caused by incapable employees during 3 months is not yet considered: Lost or missed business because of a lousy salesperson, claims and damages caused by a technical engineer, annoyed customers or tax authorities due to incorrect invoices or tax reports, as well as frustrated co-workers due to unsuitable supervisors – all of these are the cost of making the wrong personnel choices
“Creating Careers“, Sanet Group’s Human Resources Agency is proud of an 82% record of mid-level and senior professionals being placed that have become long-term assets to their companies.
IT Cloud Security
Sales Channel Manager at Retarus
Would you like to become a team member of a renowned world market leader on Cloud Security? Are you ready, after intensive training, to provide top German technology to Thai IT-Distributors and System Integrators? Do you want to team up world-wide with young, dedicated IT professionals who are ready to jointly conquer the market leadership in Thailand?
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for International Production Line Commissioning
Are you a passionate Process Engineer with skills of a strong team leader? Would you manage a team on site around the world for the world market leader of Film Stretching Machines? Are you ready, after intensive training, to build the world’s best production lines for packaging and many other technical applications?
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at Sanet Group
Do you enjoy working with numbers and do you own a Bachelor Degree in Accounting or an equivalent course of study? And would you like to contribute your first experience into our Admin-Team team working closely together with our management? Do you also love communicating with foreign clients and colleagues in English? Then this might be just an opportunity that’s tailor-made for you!
International Production Line Commissioning
Would you like to become a team member of the world market leader of Film Stretching Machines? Are you ready, after intensive training, to build the world’s best production lines for packaging and many other technical applications in Thailand and throughout the Asia Pacific?
And do you love your profession as a passionate Electrical Engineer for commissioning production lines, where you are among the best professionals in Thailand? If you also speak English and enjoy being internationally recognized as a top expert, then you should apply here and become a member of the internationally valued “Bruckner Family”.