Calculating the Costs Associated w Recruitment Content Created by Landmark Makers http://www.landmarkmakers.com
Calculating the Costs Associated w Recruitment
1. Recruitment Costs
Human Resources hourly rate x hours. = ________
Managers hourly rate x hours = ________
Other Interviewers’ hourly rate x hours. = ________
Cost of the Ad ________
Cost of a Referral Bonus________
Agency Fee if used agency ________
TOTAL $_______
2. Employee Costs
Salary + Benefits + Perks ______
Benefits ______
Overhead including phones, equipment, expense account ________
TOTAL $_______
3. Time of Involved Personnel
a. b. c.
Managers hourly rate x hours involved in interviewing/coordinating/etc. = ________ Training Managers hourly rate x # of hours = ________
Administrative personnel hourly rate. x hours of coordinating/setup = ________
TOTAL $_______
4. Productivity Losses
Less than standard productivity cost x hours until fully trained ________
Distraction from other teammates to onboard/introduce themselves
(Calculated by hourly cost of team x hours to onboard ________
TOTAL $______
Lost Business (for Sales Positions)
How many prospects are usually contacted per day? ________
Value of those prospects? ________
TOTAL $______ How many days x cost of A x Cost of B _______
Other Costs
Managerial Energy Diversion ________
Company Cars, Personal Computers ________
Unemployment Compensation ________
Severance Allowances ________
Legal Fees ________
TOTAL $_______
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