How much does it really cost to hire someone?

Many organizations consider cost of advertisements, materials, and salary of recruiters, but there are many other factors that inflate the true cost to hire an employee. The Cost Per Hire Calculator gives you a bottom line assessment of what it costs to hire an employee - one that includes hard and soft costs, apparent and hidden costs.

Background Information

  Current State
1. FTEs in Position
2. Anticipated Monthly Hires
3. Average Annual Salary of Employees
4. Benefits/ Payroll Tax Costs (express as a %)
Average time to fill vacancies (weeks)

Sourcing/ Recruiting Costs

6. FTE Recruiters
7. Annual Salary of FTE Recruiters
8. Annual Expenditures on Job Boards
9. Annual Expenditures on Classified Ads
10. Annual Expenditures on Career Fairs/ Misc

Recruiting Process Costs

  Hours Salary of Person
Performing Task
11. Weekly time spent Sourcing resumes
12.Average Time Spent Reviewing 1 Resume
13. Average Time Spent per Phone Interview
14. Average Time Spent per Personal Interview
15. Average Manager Time Spent on Realistic Job Preview (or 2nd Interview)
16. Average Time Spent Preparing One Offer

Quality Ratios

17. # of Resumes Reviewed per Phone Interview
18. # of Phone Interviews per Personal Interview
19. # of Personal Interviews per Realistic Job Preview (or 2nd Interview)
20. # of Realistic Job Previews (or 2nd Interview) per Offer Extended
21. % of Offers Accepted

Additional Screening Costs

22. Cost of One Background Check     
23. Cost of Individual Skills Assessment     
24. Cost of One Employment Verification     
25. Percent of Employees who Pass All Screens % 

Training/ Ramp-Up Costs

26. Orientation/ Training Materials Cost (per employee)   
27. Total time (in weeks) spent in training during first year   
28. Instructor's Salary $ 
29. FTE Instructors Dedicated to New Hires   
30. Typical % of Productivity for New Hire after Initial Training   
31. Time for new hire to be productive (weeks)   
32. Avg Weekly Hours Manager Spends with New Hire during Ramp-Up   
33. Avg. Annual Salary of Supervisors/ Mgr.   

Contact Information

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