The Real Cost of Extended Hiring Cycles

Recruitment and hiring take time; most teams expect that.  What many don’t realise is how much a long vacancy really costs.

The problem isn’t the money spent on job ads or recruiters: every day a role sits empty the cost grows.  Work gets delayed, revenue slips, and other employees burn out trying to fill the gaps.

We already know that the average cost of hiring an employee is around £3,500, according to the Society for Human Resource Management (SHRM) .

That number is only the beginning.  If you count lost output and other hidden costs, the impact can be closer to three to four times the yearly salary.  A role paying £45,000 means losses of £135,000 or more.

Revenue can suffer too. One study found that company revenue can fall by over 5% when a critical sales role stays vacant.  Plus, these gaps can also drive away good candidates.  Potential employees want evidence that a company respects their time and value.  A long hiring process can quickly drive candidates into the arms of competitors.

This guide will help you see how much an inefficient recruitment strategy costs your business.  Once you can see the true impact of slower hiring, it’s much easier to understand the value of upgrading and accelerating your approach to hiring.

Moving faster doesn’t have to mean being careless.  It’s about bringing structure, urgency, and focus to each stage of the hiring experience, to keep your business and teams strong.

This report will show how a recruitment strategy that eliminates confusion and delays can help you make the right decisions faster, improve the candidate experience, and strengthen your employer brand.