Unfilled Positions Are Costing You Money - A solution

Together with her husband Ted, Becky Catino founded a specialty auto finance company in Cincinnati, OH and grew it from scratch to a network of 2,000 auto dealers before selling the firm in 2011. Currently the co-CEO of GigSmart, Becky Catino oversees operations of the mobile platform that helps organizations find employees to fill vacant on-demand positions.

As a corporate executive or small business owner, you already know what a psychological burden an unfilled position can be. To make it worse, every day a seat stays vacant it is costing you money. Here’s how much: 

Take your annual revenue and divide it by the number of employees you have to calculate the revenue per employee per year. Divide this figure by the number of days in a year employees work to get the daily revenue per employee. Finally, multiply that figure by the number days you had an unfilled position to get the total money you lost because of that single vacancy. If you had more than one empty seat in your workplace, multiply the revenue lost per day by the number of days for each vacancy to arrive at your total. 

Besides revenue lost, unfilled positions also lead to inefficiency and lower staff morale. And this doesn't include additional recruitment and training costs. Using GigSmart as the solution to your urgent, on demand staffing needs will save you time and money while ensuring you are staffed with the most qualified talent available.

Comments