The cost of hiring a new employee is calculated by most organizations on a regular basis as it helps them to assess and assign a realistic budget for the recruitment process. Since employee onboarding forms an integral part of the recruitment process, any hidden costs associated with the process need to include in the overall hiring cost of employee in Germany. In order to ensure the same, it is essential for hiring organizations to first gain a better understanding of the below-discussed factors that make up these hidden costs.
• Provisions For New Employees During Onboarding
• Deferred Productivity Of New Employees
• Early Turnover Of New Employees
The decision of an employee to quit the job during or after the onboarding process turns weeks of effort and hard work of the hiring organization to dust. In such situations, the organizations generally focus on the loss suffered by them in terms of the amount calculated by professionals of payroll Germany in lieu of the salary and benefits of the employee.
