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How can an established relationship with Federated Services® for current and future hiring needs help your company? Below is an exercise that will help you understand how important it is to take the timely and wise step now to contact us.

Here’s an equation to determine how much money an employer saves by eliminating the unfilled position. Having a pre-established relationship with a direct recruiting firm like Federated Services® provides employers significant value because it greatly decreases the time to fill open positions, and it reduces the cost of lost revenue from not having that position filled. A vacant position can cost an employer hundreds of thousands of dollars across all open and unfilled hiring needs. To calculate how much an unfilled job costs an employer, use the following equation (this equation has been simplified for illustration purposes):

Step 1
Annual revenue generated by the company = Revenue per employee per year divided by the number of revenue generating employees.
Step 2
Revenue per employee per year = Daily revenue per employee divided by 365 Days (not adjusted for vacation and holidays)
Step 3
Daily revenue per employee X Days position unfilled = Revenue lost per day per unfilled job
Step 4
Revenue lost per day X Number of open jobs = Total revenue lost per day for all open jobs
Federated Services® is provider of business-mission-critical staffing solutions at a cost well below the industry. Utilizing its vast Affiliate network, Federated Services® is prepared to meet our clients' domestic and international needs in two key areas:
  • Direct Placement. We find talented candidates in any industry for any position in record time and at discounted cost.
  • Adjustable Services. Our innovative approach to staffing solutions delivers just the right talent to you - compatibility assessment, private Affiliate network, vast database, outplacement and relocation services.
  • We provide our clients with an unsurpassed level of cost savings, speed and service (SSS). It's a mission we'd like to fulfill for you. Satisfaction guaranteed.

 

For more information about Federated Services® or to locate an office near you, contact us.

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