The Cost of Hiring a New Employee Could be as Much as $7,645 Per Recruit, Report Says

Did you know the cost of hiring a new employee can be as much as $7,645? In his exploration of the costs associated with hiring and training new recruits, Amr Ibrahim, CEO of ULTATEL, a telecom solutions provider, cites an Industrial Distribution report titled ‘Distribution Hiring Process: The $7,645 Letter’. The report claims that in the quest to recruit, screen and train new employees, small to medium sized businesses can spend as much as $7,645 per new recruit.

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