Calculating the Value of your Employee

The Bottom Line here is the Bottom Line

Compliments of Shel Myeroff
Direct Recruiters, Inc.
Go to Candidates

This just in…A recent study conducted by top business graduate schools and reported by Bob Marshall, contributing writer for the Fordyce Letter, reports that in the U.S., an employee’s value to their company is usually set at 5 times their salary. So, for example, if your job opening calls for a salary of $50K, then the value that person should bring to your company is $250K per year.

Now, let’s look at this from another angle. While you benefit from the 250K year after year, conversely there is a monetary detriment to leaving a position open. Taking the value of this position at $250K per year and realizing there are 2080 work hours in a year, you are losing $120 per hour for each hour this position remains vacant. That’s about $1,000 per workday and $5,000 per workweek. Many companies leave positions open for upwards of 100 days. Think about it! The negative impact is staggering. Is it time for your company to plug the dam?

The bottom line here is the bottom line…The value of an employee has been calculated and it’s significant. Spending time to keep your positions filled and avoiding long-term vacancies will only improve this ROI.

For more information regarding this article and/or candidates available, contact me at 216-464-5570 x103 /

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