LinkedIn for Business
LinkedIn for Business – Recruitment According to Bersin & Associates, the average cost of hiring a new employee in the United States is $3,500 USD.
As the following graph demonstrates, the cost is high for small companies and relatively cheaper for larger ones.
The traditional costs involved with hiring an employee include hiring recruitment firms and headhunters, job advertising costs on job boards and in newspapers, and arranging interviews.
The main advantage of using a website such as LinkedIn is that professional networking sites vastly reduce costs. This is especially true for small and medium-sized companies trying to keep their overheads down.
LinkedIn makes use of sourcing tools to sift through the available employee pool in order to find the best people for the job.
Such filtering tools are relatively new, but are developing all the time. Of course, recruitment is not necessarily a free thing on LinkedIn, but it is far better value for money than hiring an outside agency to do the work for you.
LinkedIn’s model for recruitment appears to be the way forward.
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