Curious About Recruitment Costs? Let's Talk About Hiring Expenses and Job Fairs

justurs_6
Hi,

Could anyone tell me how much it will cost to recruit one individual and what the costs would be for having job fairs?

Waiting for your reply at the earliest.
Pooja Asthana
Hi,

Hiring an employee costs a maximum of one month's salary if done through a consultant. The best way to source candidates is through employee referrals. The cost of a job fair depends on the location. Job fair costs include stall charges, stationery, supporting materials, and banners.

Regards,
Pooja
Pooja Asthana
Hi,

Hiring an employee costs a maximum of one month's salary if conducted through a consultant. The best way to source candidates is through references provided by existing employees.

The cost of a job fair depends on the location. Job fair costs include stall charges, stationary, supporting materials, and banners.

Regards,
Pooja
Rajat Joshi
Could anyone tell me how much will be the costs involved in recruiting one individual and what would be the costs of having Job fairs.

Besides what Pooja has added to the chain of thoughts, we, as HR professionals, must consider the other costs in terms of:

- Cost in time spent by Recruitment professionals
- Cost of missed opportunities with good candidates who didn't join

Cheers,
Rajat
Y.Venumadhava Reddy
Hi,

Cost of recruiting one employee includes the salary package, family shifting expenses, canteen, car expenses, medical, office setup, and miscellaneous expenses depending upon the company policies. Apart from the above, it also depends on different types of training expenses on the job, etc.

Regards,
Y.V. Madhava Reddy
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