Ten Facts You Need To Know About Hiring
Samuel Muehlemann () and
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Mirjam Strupler: University of Bern
No 111, Economics of Education Working Paper Series from University of Zurich, Department of Business Administration (IBW)
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)
New Economics Papers: this item is included in nep-lab and nep-lma
Date: 2015-03, Revised 2015-09
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Working Paper: Ten Facts You Need To Know About Hiring (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:iso:educat:0111
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