Calculating Annual Recruitment Costs: Is There a Formula You Use?

Hi all,

How to calculate the annual recruitment cost of an organization? Is there any formula to apply? If yes, please provide it to me.

Please revert at the earliest.

Regards,
Joe

Hi Joe,

The annual recruitment cost is calculated by adding the total consultant fees, cost of portals, cost of recruiters, cost of advertisement, and cost of referrals. I can provide you with further clarifications if you could provide me with more details on this.

Regards,
Anurag

Dear Anurag,

Thank you for your response. I need to calculate the organization's annual average recruitment cost per employee. Suppose my organization's turnover is 100 million, then how should I calculate the recruitment cost.

Hi Joe,

Please find attached the recruitment cost calculator.

Regards,
AJ