Often, when a Financial Technology firm has a vacancy in its sales team, the first question they ask us is “how much will it cost us to hire?”.
We find that few ask the question, “what will it cost us NOT to hire?”.
One of the ways to answer that question is to calculate how much revenue the business will lose for every day the sales position is vacant.
These costs are significant: anywhere from £2,500 to £7,500 per day for a Financial Technology sales position.
These costs are direct to revenue and do not even include intangible costs associated with that vacancy (e.g. the effects of lower team morale, customer dissatisfaction, perceived loss of competitive edge, and so on).
These costs are averages, based on data Finiti has collected over six years of specialising in Financial Technology sales positions.
We’d like to come and talk to you about how we calculated these costs and help you to understand the more specific costs to your organisation.
How Can Finiti Reduce Your Costs?
Finiti has more than five years of experience in Sales recruitment in Financial Technology. In that time, we have built up a large network of high performing sales people, in your market, in every major financial city from London to New York.
It’s simple. Partnering with Finiti to fill your sales vacancies will reduce your costs by reducing the time it takes you to fill them.
How much Finiti can save you depends on the recruitment approach you currently take.
We understand that firms may want to try to fill positions themselves – saving them the cost of an agency fee.
In that case, we still recommend engaging with Finiti from the start, even though you may want to advertise the role yourself.
The very worst thing an organisation can do, in terms of cost to the business, is to attempt to fill a highly specialist role themselves before engaging an agency later.
Talk to us about how much we can save you. These savings are averages, based on data Finiti has collected over six years of specialising in Sales positions in Financial Technology.
We’d like to come and talk to you about how we calculated these savings and help you to understand the more specific costs to your organisation.