Cost per hire calcultor

195.00

Recruitment costs account for 15% of all HR spending.

The average amount of money your company spends to hire a single new employee, is one of the most versatile and useful metrics a hiring department can track. Many hiring departments regularly calculate this metric.

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Cost Per Hire Calculator

Below is an excerpt of the cost of hiring a General Manager . You can use our cost per hire calculator to calculate your own cost per hire.

Recruit directly when all of the following apply to you:

  • In-house expertise in role design and skill set availability
  • the skill set and culture fit profile required are readily available.
  • lead time is not a major consideration
  • hiring for the role is not confidential
  • expertise in screening leaders is available in-house
  • In house availability of senior level negotiation skills

Use a search firm with a placement guarantee when one or more of the following is true:

  • your organisation lacks expertise in role design or skill set availabiity
  • the skillset required is in high demand so expertise in active sourcing is required
  • time is of the essence
  • confidentiality is required
  • expertise in screening leaders is required
  • limited skills in senior level negotiation
General Manager: Positon€140,000: Salary
Main KPI
Improve bottom line
Factor of salary2times€280,000pa
Recruiting team
HR expert 140.9hour or€60,000pa
HR expert 295.5hour or€140,000pa
Line manager 1122.7hour or€180,000pa
Line manager 2122.7hour or€180,000pa
CostsInhouseSearch Firm
Role Design & Specification
HR expert 12hours€82€200.5Hours
HR expert 22hours€191€480.5Hours
Line Manager2hours€245€610.5Hours
Line Manager 20hours€0€00.0Hours
Sourcing
Website adverts€6,000€11,2008% of Salary
Other Aderts€1,500Research Fee
Ad Design etc€750€8,250€0
HR expert 1 – research30hours€1,227
Design & Place Advert
HR expert 12hours€82€200.5hours
HR expert 21hours€95€00.0hours
Line Manager1hours€123€250.2hours
Line Manager 20hours€0€00.0hours
Screen CVs
HR expert 115hours€614€511.3hours
Number of CV’s605
Time for each CV0.25hours0.25
Line Manager 15hours€614€1531.3hours
Number of CV’s205
Time for each CV0.25hours0.25
1st Interviews
Number of Interviews95