
Staff turnover could be costing you £40m a year
Put a number on regrettable turnover. Even at the low estimate of half a salary per leaver, a 10,000-person firm losing 20% a year spends £40m.
Radancy's candidate-journey data suggests people who check Glassdoor are more considered candidates, and much more likely to be hired.
Many employers worry that review sites put candidates off. Steve Ehrlich of Radancy shared data that points the other way.
Radancy's candidate-journey data found that people who visited Glassdoor during their search tended to use several sources of information about the role. They were more considered candidates, and somewhere between 50% and 60% more likely to be hired, not just to apply.
The reason: they had done the discovery and the learning. Candidates are checking you out before they ever come to you.
These figures are Radancy's own data, shared in the webinar, rather than a published study.
And one of the things that we found about Glassdoor, the people that actually visited Glassdoor in particular tended to visit multiple sources of information about that particular role. And more importantly, when they visited that particular platform, there are more considered candidates and they were somewhere between 50 and 60% more likely to be hired not to apply, but to be hired, because they had had the opportunity to do the discovery, to do the learning. And again, as we know, they're checking you out before they even come to you.
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Put a number on regrettable turnover. Even at the low estimate of half a salary per leaver, a 10,000-person firm losing 20% a year spends £40m.

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