Hi Sree,
What you said is very right, but the overall programmed cost can be avoided in a SLA, because many firms still have a variation in the cost based on the recruitment procedure and position. But the rest seems to be just right. It also would deal with the role definition of the employees involved in the project as well as pre-interview, pre-advertising, advertising, analysis, shortlisting, preparation of interviews, interviews, record checks, and induction. In fact, the entire process is detailed in the most possible way.
Regards,
AJ