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
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