Community » HR Forums » Human Resources » Recruitment & Staffing» Cost of Recruitment
Cost of Recruitment

Last post November 9, 2011 12:24 PM by shaili. 1 repiles.
November 9, 2011 12:22 PM 1
Total Posts: 23
Join Date: November 4, 2011
Rank: Executive
Post Date: November 9, 2011
Posts: 23
Location: India

Cost of Recruitment

Dear All,

Can anyone help me out to find out how we calculate the cost of Recruitment for the company?

regards,

Jean
November 9, 2011 12:242
shaili
Total Posts: 28
Join Date: November 4, 2011
Rank: Executive
Post Date: November 9, 2011
Points: 140
Location: India

Re: Cost of Recruitment

Dear Jean,

Formula for COST PER HIRE :

CPH = Advertising fees+relocation+Agency Fees+Recruiter Costs+Employee Referrals+Time + 10% for over Heads / Hires

Note : 10% is derived Figure for all overhead and Administrative Support.

Total Recruiting & Training Cost can be calculated by adding the direct and indirect costs of recruiting and training. Including but not limited to Advertising Costs, Agency Fees, Job Fairs, Referral Bonuses, Internal and Candidate Travel Expenses, Relocation Costs, Internal Recruiting Salaries, Office Expenses, Training Costs, etc

Feel free to get in touch for further clarification.

Regards,

Shaili
Explore the Site