How to calculate cost of recruitment
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How to calculate cost of recruitment

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

stephenrosario - Member Since: Jul 2007
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.

M.Peer Mohamed Sardhar - Member Since: Jan 2007
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. Join us to learn and grow with your peers.
File Type: xls recruitment_analysis_786.xls (19.0 KB, 3087 views)
File Type: xls recruitment_analysis_786.xls (19.0 KB, 1390 views)
Sur - Member Since: Jan 2007
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

Satishmcs - Member Since: Jul 2007
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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venkat0707 - Member Since: Jul 2007
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

suri_lavanya - Member Since: Jul 2007
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

suri_lavanya - Member Since: Jul 2007
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

joy_patra - Member Since: Mar 2008
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

joy_patra - Member Since: Mar 2008
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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