THE HIDDEN COST OF HIRING THAT 'BAD EGG'
You said your 'bad egg' was on a salary of $ 0.00 and was employed in your business for months.
Gulp! It’s hard to swallow isn’t it?! I'm sure you're shocked to see the financial impact that one 'bad egg' has had on your business. This doesn’t take into account the paid wages you’ve already flushed down the loo.
Below we’ve broken down the hidden cost, so you can see exactly what contributes to this figure.
There’s a bunch of job boards out there where you can post adverts but Trademe Jobs and Seek are the most used in the hospo industry. The above cost is an average price listing.
The average time to fill a job in hospo is 20.7 days. Advertising, screening, scheduling meetings, interviewing, trials, background checks through to contract and onboarding will take you on average 28 – 40 hours. It’s usually Senior Management or Head/Executive Chef managing the recruitment process – so we’ve estimated this cost as 28 hours @ $55/hr.
Every business and every job requires different levels and types of training. Inductions, health and safety, on the job training, workshops, apprenticeships and assessments are typical in hospitality. We’ve calculated an average cost for training across the industry.
TOOLS / EQUIPMENT
Most jobs have a range of tools or equipment required by a new employee – these could include uniform, clothing, licences or certificates, knives, machinery, phone or laptop. We have calculated an average cost of required equipment across hospitality roles.