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Cost of Recruitment
Human Resources » Recruitment & Staffing


Chrm Message From: jeant Total Posts: 23 Join Date: 04/11/2011
Rank: Executive Post Date: 09/11/2011 12:22:52 Points: 115 Location: India

Dear All,

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

regards,

Jean

Chrm Message From: shaili Total Posts: 28 Join Date: 04/11/2011  
Rank: Executive Post Date: 09/11/2011 12:24:36 Points: 140 Location: India

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

 
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