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 salary 2 times €280,000 pa
Recruiting team
HR expert 1 40.9 hour or €60,000 pa
HR expert 2 95.5 hour or €140,000 pa
Line manager 1 122.7 hour or €180,000 pa
Line manager 2 122.7 hour or €180,000 pa
Costs Inhouse Search Firm
Role Design & Specification
HR expert 1 2 hours €82 €20 0.5 Hours
HR expert 2 2 hours €191 €48 0.5 Hours
Line Manager 2 hours €245 €61 0.5 Hours
Line Manager 2 0 hours €0 €0 0.0 Hours
Sourcing
Website adverts €6,000 €11,200 8 % of Salary
Other Aderts €1,500 Research Fee
Ad Design etc €750 €8,250 €0
HR expert 1 – research 30 hours €1,227
Design & Place Advert
HR expert 1 2 hours €82 €20 0.5 hours
HR expert 2 1 hours €95 €0 0.0 hours
Line Manager 1 hours €123 €25 0.2 hours
Line Manager 2 0 hours €0 €0 0.0 hours
Screen CVs
HR expert 1 15 hours €614 €51 1.3 hours
Number of CV’s 60 5
Time for each CV 0.25 hours 0.25
Line Manager 1 5 hours €614 €153 1.3 hours
Number of CV’s 20 5
Time for each CV 0.25 hours 0.25
1st Interviews
Number of Interviews 9 5