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Recruiting Cost Calculator

Recruiting Costs Calculator

How much do you spend recruiting new employees? There's more cost involved than the price of an ad in your local newspaper. This Recruiting Costs Calculator can give you a better idea of how much you actually spend to recruit new employees.

Jobs Filled Last Year
Enter the approximate number of jobs
you have filled in the past 12 months:
 
Responses per Opening
Enter the number of candidate
responses per job opening:
 
Recruiting Costs
Enter the per job opening costs of  
Newspaper advertisements:
Varies from $250 to $3500 depending
on size and newspaper		 $
Candidate referral fees:
Amount paid in candidate finder fees		 $
Recruiter fees:
Typically 30% of first year salary		 $
Temporary-to-permanent placement fees: $
Internet job posting fees: $
Recruiting brochures and materials: $
Other costs:
Include candidate interview travel, reference and background checking fees, drug screening fees, signing bonuses, etc.		 $
 
The Cost of Your Time
Enter the hourly cost of your time: $
 
Hours You Spend on Various Recruiting Activities
Enter the number of hours per job opening spent on Cost for jobs
you filled
last year
Preparing for interviews: $
For new hire planning: $
Prepare and placing ads: $
Preparing recruiting brochures
and materials:		 $
Screening first-round applicants: $
Conducting phone interviews: $
Setting up and preparing for
first-round interviews:		 $
Conducting first-round interviews: $
Selecting candidates for
second-round interviews: 		$
Setting up and preparing for
second-round interviews:		 $
Conducting second-round interviews: $
Selecting final candidate: $
Checking references: $

Your Recruiting Costs
  Per Job All Jobs
Recruiting costs: $ $
Your time: $ $
Grand totals: $ $

Of course, your actual costs depend on your industry, location and individual circumstances. But you can save time and money by taking steps to reduce recruiting costs and increase the quality of the candidates you consider. Gevity can help you streamline the process of finding the right people.

Calculate your turnover costs.

This material is for informational purposes only and is not intended to take the place of a comprehensive review of your HR practices, nor does it constitute legal or financial advice.

 

 





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