“The Hidden Cost of Recruitment: Why Employee Turnover Is a £30,000 Risk | HR Insights by Consensus HR”
🧾 The Cost of Recruitment: Why Staff Turnover Is More Expensive Than You Think
Consensus HR | Expert HR Support in Herts & Beds
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Replacing a team member is never just a matter of filling a vacancy. According to a detailed analysis by Oxford Economics, the average cost of replacing a single employee is now estimated at over £30,000. For employers across the UK, this is a stark reminder of how vital it is to retain good people and manage recruitment efficiently.
💸 What Makes Up the £30,000+ Cost?
The research breaks down recruitment costs into two main areas:
1. Lost Productivity – £25,181
This is the largest cost, representing the average 28 weeks it takes for a new hire to reach full productivity. During this time, performance lags while the individual adapts to the systems, processes, and culture of the organisation.
2. Recruitment Logistics – £5,433
This includes:
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Agency fees
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Job advertising
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Management & HR time
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Temporary cover arrangements
📊 Industry Insight:
The analysis drew from five key sectors – retail, legal, accountancy, advertising, and IT & technology – revealing a combined cost of £4.13 billion annually for these industries alone.
💬 Matthew Chilcott, Owner of Consensus HR, comments:
“This data reinforces the importance of investing in employee retention and developing a strong onboarding process. At Consensus HR, we work with businesses to reduce unnecessary turnover by creating a positive workplace culture, developing effective performance management systems, and ensuring that recruitment is strategic and aligned with long-term goals.
The cost of losing just one employee is more than many employers realise — and often preventable with the right HR support in place.”
✅ How Consensus HR Can Help:
At Consensus HR, we support businesses across Hertfordshire and Bedfordshire with:
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Tailored retention strategies
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Legally compliant HR policies
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Expert recruitment guidance
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Structured induction and onboarding processes
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Ongoing management training to foster better team leadership
📞 Let’s Reduce Your Turnover Costs:
If you’re concerned about the cost of staff turnover in your business, now is the time to act.
📧 Contact us today to book your free initial HR consultation.
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