I Want to know how to calculate return on investment of recruitment and selection process? what is the methodology to calculate ROI which we spent on recruitment and selection process.
reply me :
12th January 2009 From Pakistan, Lahore
ROI on Recruitment is highly subjective & cannot be clearly defined. Since Recruitment cost is spent in advance & the Returns on the Investment of Recruited Candidates may be through a long duration (some times many years).
Usually the Cost per Hire is calculated & the overall artition & productivity of the organisation will be the parameters under which ROI is calculated (but this method may not be accurate).
Please let me know if you find anything interesting on this subject.
Thanks
12th January 2009 From India, Coimbatore
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