How To Calculate Cost Of Recruitment Doc Download
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chitkara Started The Discussion:
Hi all, Can any one guide me on the calculation one need to do to calculate the cost of recruitment. Regards, Bhanu
THE BEST WAY TO CALCULATE THE RECRUITMENT COST IS TO FIRST UNDERSTAND THE HIRING COST BEHIND A PERSON,THE TIME A PERSON IS REQUIRED TO BE TRAINED,AS THE PERSON IS GONNA BE VIRTUALLY BE USELESS IN TERMS OF COMPLETE PRODUCTIVITY DURING THIS PERIOD,IF ANY TRAINING PROVIDED THEN THAT ALSO WOULD BE ACCOUNTED.
Dear ur question shd. be very spacific...i understand u r asking about the the cost for final placement of an individual on a perticular posetion...
if its then..the best way to calculate is..start count the effort n money involve from 0 date to the final palcement..it may vary from org.to org..such as .......

1-cost of vendor
2-cost of telecalling/Internet
3-cost of manhours
4-cost of I/W expen..
5-cost of Add..or any other publication
6-cost of medical certification
7-cost of Rf.check
8-cost of poor quality
etsssssss.

regards
sandeep
09871771733
hi bhanu,
from ur enquiry i came to know that u r in need of calculating the costs of recruitment. it starts with the accounts of buying stationary items for recruitment to the cost of medical checkup before issuing appointment letter. to share ur views or further information u can mail me.

with thanks & regards,
STEPHEN ROSARIO.V
0091-9943917839

tamilnadu.
Dear All, Kindly find attached on the above mentioned subject Hope the same will be of Good Use. Regards M.Peer Mohamed Sardhar
Attached FilesProvided by community member M.Peer Mohamed Sardhar. Register to join your network of peers.
File Type: xls recruitment_analysis_786.xls (19.0 KB, 3203 views)
File Type: xls recruitment_analysis_786.xls (19.0 KB, 1427 views)
Sur 
Salaam, I am trying to download this PPT but unfortunately its not working..Can any body send me this PPT to this ID plzzzzzzzz.. anonymouscatalyst@yahoO.com
Hi Bhanu,

This is a very open question, Are you looking at cost per hire ? or How to calculate Recruitment budget for a year?

Calculation of Cost per hire:-

Say if you want to know the cost per hire from Jan 07 to June 07 then you have to take following things into consideration.

* Consultant Charges
* Travel charges incurred for an outstation event.
* Relocation Expenses
* Joining bonus
* Retainership fees for vendors
* Cost incurrred for jobportals (Jobsahead, Monster and Naukri)
* Cost of Posters and banners.
* Promotions cost (Print and Internet medium)
* Other expenses incurred directly for Recruitment.

Total of All expenses above/No of joinees from Jan to June= Cost per hire.

For Eg:

* Consultant Charges : 100000
* Travel charges incurred for an outstation event.:60000
* Relocation Expenses:200000
* Joining bonus :200000
* Retainership fees for vendors :100000
* Cost incurrred for jobportals (Jobsahead, Monster and Naukri) :300000
* Cost of Posters and banners.:100000
* Promotions cost (Print and Internet medium):40000
* Other expenses incurred directly for Recruitment.:50000

**Total no of joinees in this period: 80

then, Total cost incurred : Rs.1050000/-

Cost per hire :Rs 1050000/60= Rs.13125/-


I hope this suffice you.



Regards,
Satish

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Hi,

In your calculation, you have mentioned that total number of joinees for six months is 80, but you have divided the whole expenses by 60.. can you give me the right calculation

regards

Venkadesh.r
Hi Peer Mohamed Sardhar The attachement which you have given to me is very very use to us... Thanks & Regards Lavanya suri_lavanya@yahoo.co.in
Quote:
Originally Posted by Satishmcs View Post
Hi Bhanu,

This is a very open question, Are you looking at cost per hire ? or How to calculate Recruitment budget for a year?

Calculation of Cost per hire:-

Say if you want to know the cost per hire from Jan 07 to June 07 then you have to take following things into consideration.

* Consultant Charges
* Travel charges incurred for an outstation event.
* Relocation Expenses
* Joining bonus
* Retainership fees for vendors
* Cost incurrred for jobportals (Jobsahead, Monster and Naukri)
* Cost of Posters and banners.
* Promotions cost (Print and Internet medium)
* Other expenses incurred directly for Recruitment.

Total of All expenses above/No of joinees from Jan to June= Cost per hire.

For Eg:

* Consultant Charges : 100000
* Travel charges incurred for an outstation event.:60000
* Relocation Expenses:200000
* Joining bonus :200000
* Retainership fees for vendors :100000
* Cost incurrred for jobportals (Jobsahead, Monster and Naukri) :300000
* Cost of Posters and banners.:100000
* Promotions cost (Print and Internet medium):40000
* Other expenses incurred directly for Recruitment.:50000

**Total no of joinees in this period: 80

then, Total cost incurred : Rs.1050000/-

Cost per hire :Rs 1050000/60= Rs.13125/-


I hope this suffice you.



Regards,
Satish

[/code]


Hi Satish Thank u for such an useful calculation.
Can u Plz tell me, what's these two term is all about??
1. Relocation Expenses
2. Relationship fee for vendors.

and can u plz tell me which department maintain all these factors?? and who calculate the actual cost per employee?

Regards,
Joy

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