Calculate Your Recruitment Cost

External Recruitment Costs

Simply put, external costs are defined as all costs incurred outside of the organization during the time period on recruiting efforts. Examples of External Costs include (but are not limited to) advertising costs, job board costs, job fair costs, travel costs, background checks, applicant screening costs, and any third party costs incurred such as contingent or retained agency fees.

Internal Recruitment Costs

Internal costs are costs incurred for the purpose of recruiting during the period within the organization. Examples of internal costs include the fully loaded salaries of the organization’s recruiting teams, infrastructure costs such as applicant tracking systems or other technology, and other systems used in the recruiting process.

Defining Number of Hires

The final element of the equation is the Number of Hires during a period. Simply said, the number of hires (temporary or permanent) that start during the period