Employers paying hidden costs for recruitment in tight labor market

The real-life mark-up on recruiting and employing one $15/hour employee for a year is around 63%.

By Joel Kranc | January 27, 2023 at 10:09 AM

Tight labor markets that have persisted since the beginning of COVID are forcing American businesses to spend more and face greater costs of recruitment of hourly employees.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:

Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
Educational webcasts, white papers, and ebooks from industry thought leaders
Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor

NOT FOR REPRINT

Cost-Containment

Employer-Paid

1 President signs anti-shutdown package with no PBM provisions

2 Workplace health plan 'gap’ coverage: Sales up 6%

3 Too few appeals: Labor Department panel calls for enforcement of health plan claims processing

4 2025 Advisor of the Year: Submit a nomination today!

5 How the biosimilar market really works

Insurance
BenefitsPRO Broker Expo 2025 (BPRO)
May 06, 2025 - Boston

The premier educational and networking event for employee benefits brokers and agents.
More Information
Insurance
Complex Claims & Litigation Forum 2025
February 24, 2025 - Las Vegas

This conference aims to help insurers and litigators better manage complex claims and litigation.
More Information
GlobeSt. Multifamily Spring 2025
April 01, 2025 - New York

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!
More Information

Automation is the brokers' key to reducing benefits overspending

By Rick Hirsh | December 20, 2024

To efficiently support their clients and ensure accuracy, brokers need to leverage automation tools that can streamline bill collection and reconciliation.

Automation is the brokers' key to reducing benefits overspending

Optimizing HR tech: 4 best practices for measuring ROI in training programs

By Rob Porter | December 20, 2024

HR technology is reshaping employee development, yet 55% of HR leaders report their current technologies don’t meet evolving business needs, and 51% cannot measure their ROI.