Costs

According to a 2021 study by the Australian Human Resources Institute (AHRI), the average cost of recruitment and onboarding for a new employee in Australia is AUD$4,672. This includes the cost of advertising, recruitment agency fees, skills assessments, background checks, induction training, job shadowing, mentoring, uniforms and equipment, and lost productivity due to employee turnover.

The study also found that the cost of recruitment and onboarding varies significantly depending on the size and industry of the business. For example, the average cost for a small business with fewer than 20 employees is AUD$2,893, while the average cost for a large business with more than 250 employees is AUD$8,456.

The study also found that the cost of recruitment and onboarding is higher for certain industries. For example, the average cost for the healthcare industry is AUD$5,234, while the average cost for the retail industry is AUD$3,921.

There are a number of factors that can contribute to the high cost of recruitment and onboarding in Australia. These factors include:

• The high cost of living in Australia, which makes it difficult to attract and retain top talent.
• The skills shortage in Australia, which makes it difficult to find qualified candidates for certain positions.
• The high cost of advertising and recruitment agencies in Australia.
• The complex regulatory environment in Australia, which can make it difficult to comply with all of the requirements for recruitment and onboarding.