Ten Facts You Need To Know About Hiring

Samuel Muehlemann and Mirjam Strupler
Additional contact information
Mirjam Strupler: University of Bern

No 111, Economics of Education Working Paper Series from University of Zurich, Department of Business Administration (IBW)

Abstract: We provide new empirical evidence regarding the magnitude and the determinants of a firm's costs required to fill a vacancy. The average costs required to fill a vacancy for a skilled worker in Switzerland amount to about 16 weeks of wage payments. The main components of the vacancy costs are initially low productivity, the formal instruction of a new hire (53 percent), disruption costs due to informal instruction of new hires (26 percent), and search costs (21 percent). Furthermore, hiring costs for small firms are associated with labor market tightness (i.e., the vacancy-unemployment ratio).

Keywords: hiring costs; search costs; adaptation costs; disruption costs; vacancy-unemployment ratio (search for similar items in EconPapers)
JEL-codes: J32 J63 M53 (search for similar items in EconPapers)
Pages: 35 pages
Date: 2015-03, Revised 2015-09
New Economics Papers: this item is included in nep-lab and nep-lma
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
http://repec.business.uzh.ch/RePEc/iso/leadinghouse/0111_lhwpaper.pdf (application/pdf)

Related works:
Working Paper: Ten Facts You Need To Know About Hiring (2015)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:iso:educat:0111

Access Statistics for this paper

More papers in Economics of Education Working Paper Series from University of Zurich, Department of Business Administration (IBW) Contact information at EDIRC.
Bibliographic data for series maintained by Sara Brunner ().