Replacement Staff/Recruitment Costs
If you have less employee absence due to illness or accidents caused at work, your business will benefit financially. How? By avoiding the costs incurred to find a new member of staff and of having someone at work, temporarily, who is new to the position and possibly needs to be trained.
Cutting down on absence will benefit your business since you will avoid the following costs:
- Allocating someone to undertake the task of recruiting a new member of staff
- The recruitment costs of searching and advertising for a new member of staff
- The time and cost of conducting interviews with potential candidates
- Training replacement staff
- Setting up short term contracts
- Possible drops in productivity as a new staff member comes up to speed with the work required on the post.
Replacement staff are only likely to be in the position temporarily, so they may not have the same level of commitment as your regular staff do. Avoiding the need for recruiting replacement staff means you will save money, benefiting your business financially.
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Try this!
Here's a leaflet to help employers and self-employed people assess risks in the workplace. It is aimed at commercial, service, and light industrial sectors:
Five Steps to Risk Assessment