24th September 2025
Hilton London Canary Wharf
11th February 2026
Radisson Blu Hotel Manchester Airport
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Businesses ‘wasting thousands’ on out-dated hiring techniques

Organisations are potentially wasting up to ยฃ13,500 per hire by using ineffective and out-dated recruitment methods.

Thatโ€™s according to peer-to-peer recommendation firm AnyGood? Its review of collated data has revealed that businesses could save an estimated ยฃ8,500 for a senior level hire by switching to a peer-recommendation recruitment process. This figure jumps to ยฃ13,500 for C-Suite professionals.

When looking at the contingent workforce, managers could be wasting a staggering ยฃ13,500 by using overly-expensive third parties to source contractors for a year long project, with shorter contracts potentially costing a company ยฃ3,500 more than necessary.

Juliet Eccleston, Co-Founder of AnyGood? said: โ€œAs part of my experience in programme management Iโ€™ve learnt to identify wastage in processes and procedures and it struck me that a lot of time and money is lost during recruitment due to the use of quite frankly inefficient and out-dated methods. Given how well connected we all are and how valuable a professional recommendation is, it simply makes no sense to hand over large sums of money to an outsourced recruiter in the hope that they can find the right candidate.

โ€œWhen we also consider that a wrong hire has the potential to cost your firm ยฃ132,000, trusting an agency to source a professional who is the perfect fit for you with little to no previous engagement with them is a gamble that should be avoided.

โ€œAnd itโ€™s not just finances that can be wasted. The average time to hire is 27.59 days. The simple fact is, we are operating in a world where immediacy is not only crucial, but also possible. We can instantly interact with people online and we can find out key information on a personโ€™s career through LinkedIn in seconds. Spending a month sourcing candidates for a role is a complete waste of resources that should and can be rectified. In fact, through the use of peer-to-peer recruitment, weโ€™ve seen the hiring process from initial recommendation through to job offer take as little as two weeks โ€“ and that includes multiple interviews!

โ€œItโ€™s clear to me that thereโ€™s an excessive amount of wastage in far too many recruitment processes at the moment. While weโ€™re seeing examples of people leveraging things that they previously didnโ€™t consider of value in their personal lives โ€“ Uber and Airbnb tapping into the financial benefits of empty rooms or spare seats in a car, for example โ€“ thereโ€™s little such innovation on a professional level. For businesses, nowโ€™s the time to clean up their hiring and take a more strategic and efficient approach to talent sourcing.โ€

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