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Open roles can cost average of $25,000 per month in output, Fiverr reports

November 16, 2023

Having just one open role costs business, on average, nearly $25,000 per month in output, according to research by talent platform Fiverr International Ltd.

Fiverr argues that with so much money on the line, businesses should consider options such as hiring freelancers.

“The data begs the question — can businesses really afford to lose out on this much potential growth simply because they can’t fill open positions? Businesses must be smarter about their hiring strategy moving forward,” Shai-Lee Spigelman, general manager of Fiverr Pro, said in a press release.

Open positions in highly skilled professions cost businesses even more, according to Fiverr. Legal unfilled positions cost businesses $48,902 monthly, followed by “computer and math” positions and “engineers and technicians” at $42,458 and $37,173 monthly per open role, respectively.

The research was based on findings from Fiverr Pro, the company’s solution aimed at midsize to large businesses. The research was done in partnership with Lightcast, a provider of labor market data, analytics and expert guidance.

Other recent data from a report by Fiverr and Harvard Business Review Analytic Services found 51% of business leaders surveyed agreed their organizations will use more freelance workers in the future.