The right hire compounds. The wrong hire costs years of problems.
Hiring is one of the three decisions (with pricing and product) that shapes your business. You'll learn time-to-hire (can you fill roles in 30 days or 90?), cost-per-hire (how much are your hiring channels costing?), offer-acceptance rate (are strong candidates turning you down?), and quality of hire (are people successful in the role after 6 months?). You'll understand the math: a single bad hire in a 10-person team represents 10% of your workforce productivity loss, which is enormous.
Time to hire measures how long it takes to fill a vacancy from the moment a role is approved to the date a candidate accepts an offer. Reducing it saves money and maintains operational momentum.
5 min read · Beginner
Cost per hire measures the total investment in recruiting a new employee. Learn how to calculate it and benchmark it against your industry.
4 min read · Beginner
Part of this AskBiz Academy learning path.
AskBiz Academy
Employee turnover rate measures how frequently staff leave your business. Learn how to calculate it, benchmark it, and reduce it.
4 min read · Beginner
Part of this AskBiz Academy learning path.
AskBiz Academy
An employment contract is the legal agreement between employer and employee. UK law requires employers to provide a written statement of key employment particulars from day one.
5 min read · Beginner
PAYE is the system through which employers deduct income tax and National Insurance from employee wages. Learn how to run payroll compliantly.
4 min read · Beginner
A plain-English explanation of Diversity, Equity and Inclusion — what the terms mean, why DEI matters for business performance, and practical steps SMEs can take.
5 min read · Beginner
Follow this learning path to master hiring & recruitment: hire the right people.
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