In today's competitive landscape, businesses face the constant challenge of acquiring top-tier talent while managing budget constraints. Hiring permanent staff is a crucial investment, but the upfront costs can often be prohibitive. At Hubbado, we understand these challenges and are committed to providing solutions that not only help businesses thrive but also build long-term trust. One of our key initiatives is the innovative option to spread the cost of hiring permanent staff by up to 12 months, easing financial burdens and fostering sustainable growth.
The Cost of Hiring: A Significant Barrier The cost to hire a new permanent employee can be staggering. According to the British Business Bank* , recruiters and agencies are usually paid on commission and will typically charge a fee of 20-30% of the employee's starting salary in the UK and the estimated cost to hire using a recruitment consultant for the average UK salary of £30,800 would be £3000.
These costs encompass advertising the position, recruiting services, interview processes, and onboarding. For many businesses, particularly small and medium-sized enterprises (SMEs), these upfront costs can be a significant deterrent to hiring the talent they need to grow and succeed.
Hubbado's Solution: Flexible Payment Options Hubbado addresses this critical issue by offering a flexible payment option that allows businesses to spread the cost of hiring permanent staff by up to 12 months. This initiative alleviates the immediate financial pressure and enables businesses to invest in the right talent without compromising their cash flow. By breaking down the hiring costs into manageable monthly payments, businesses can plan their finances more effectively and focus on growth and innovation.
Supporting Business Growth with Expertise At Hubbado, we pride ourselves on being more than just a recruitment agency. We are a community of over 3,500 consultants, backed by a dedicated resourcing team and led by experts in Business and IT. Our extensive network and industry knowledge enable us to connect businesses with highly qualified professionals who are the perfect fit for their needs.
Sharing Risk and Building Trust Our approach has already made a significant impact on the businesses we work with. By providing flexible hiring solutions, we help companies overcome the initial financial hurdles and invest in long-term success. This approach builds trust and establishes Hubbado as a reliable partner in business growth.
Key benefits of our flexible hiring solutions:
Reduced Financial Strain: Businesses that use our 12-month flexible payment plan can see substantial improvements in cash flow management. Increased Hiring Efficiency: Companies can experience a reduction in time-to-hire, as financial constraints are less of a barrier. Enhanced Retention Rates: By investing in the right talent without financial strain, businesses will see increases in employee retention rates. Shared Risk: If your new hire leaves within the duration of the payment plan then we will simply stop charging you. No need to implement messy rebate terms or conditions. Expert Guidance and a Vast Talent Pool Our dedicated resourcing team works tirelessly to understand the unique needs of each business and match them with the ideal candidates from our community of over 3,500 consultants. Our consultants are experts in their fields, ensuring that businesses get access to the highest quality talent.
The Hubbado community is diverse and includes professionals across various sectors, including IT, finance, marketing, and more. This diversity allows us to cater to a wide range of business needs and provide tailored solutions that drive success.
Run by Industry Experts Hubbado is run by business and IT experts who understand the complexities and challenges of the modern business environment. Our leadership team's deep industry knowledge and hands-on experience ensure that we provide solutions that are both practical and innovative. This expertise translates into a more effective recruitment process and better outcomes for our clients.
In a world where financial constraints can hinder business growth, Hubbado's flexible hiring solutions offer a lifeline to companies looking to expand their teams and capabilities. By spreading the cost of hiring by up to 12 months, we make it possible for businesses to invest in the talent they need without compromising their financial stability.
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References:
British Business Bank 2024. "Tips on Hiring New Employees "
