1) The cost of Hire. This is the most traditional method of calculating recruiting costs. You take the total cost of all hires and divide that figure by the number of new hires. The total cost includes all advertising costs, recruiting and agencies, referrals, screening costs, travel expenses, salary, and the overhead of the company’s hiring staff. For a typical business in the 20-49 employee range, though, the cost is of $40,165 per worker. (Forbes.com) 2) Recruitment Effectiveness and Efficiency. The cost of recruiting, in...
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