Tips on Hiring New Employees
- British Business Bank
- 4 days ago
- 5 min read
Hiring a new employee costs more than simply their salary. In fact, when hiring a new staff member at the average UK salary of £27,600, the true cost to you, on average, for the first year of that employment is around £62,890*.
As a small business, then, you should consider the following when taking on a new team member.
What to consider when hiring new employees
Recruitment
Recruiters and recruitment firms are typically paid on commission and will often bill a fee equivalent to 20%-30% of the employee's starting salary.
The estimated cost to hire somebody on the UK average salary using a recruitment consultant is £3,000.
Salary
The largest cost associated with any new hire. According to UK Government figures, the average UK salary is £30,800.
National Insurance
Want to read more?
Subscribe to floristrytradeclub.co.uk to keep reading this exclusive post.
