dear senior, how i calculate ration analysis these activities:- Cost of Recruitment. Turnover Rate. cost per trainee. cost of training per employee. training ration. pls give your valuable response.
From India, Delhi
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3From India, Delhi
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You can calculate the ratio and reference your retention policy with %. This will help you determine your recruitment costs. Turnover production can also provide valuable insights.
Training Options
When it comes to training, consider the following options:
1. In-house training typically costs less.
2. External training conducted off-site tends to be more expensive.
Seek advice from your technical Head of Department regarding training recommendations.
Thank you.
From India, Bharuch
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Training Options
When it comes to training, consider the following options:
1. In-house training typically costs less.
2. External training conducted off-site tends to be more expensive.
Seek advice from your technical Head of Department regarding training recommendations.
Thank you.
From India, Bharuch
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Let me explain the cost of recruitment. The costs involved in the recruitment activities are as follows:
- Telephone charges for contacting the candidates
- Conversion of recruitment coordinators' man-hours into costs
- Panel members' costs (i.e., if there are 3 members on the panel, you need to calculate 3 hours' salary for each staff member)
- Conveyance reimbursement for the candidates (even if only one person is selected, expenses reimbursed for all candidates who attended the interview must be considered)
- If you are sourcing through a placement consultant, you need to include the professional charges of the agency in the recruitment cost.
Regards,
Bagavathi123
The sum of these expenses is covered under the recruitment cost.
From India, Hosur
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- Telephone charges for contacting the candidates
- Conversion of recruitment coordinators' man-hours into costs
- Panel members' costs (i.e., if there are 3 members on the panel, you need to calculate 3 hours' salary for each staff member)
- Conveyance reimbursement for the candidates (even if only one person is selected, expenses reimbursed for all candidates who attended the interview must be considered)
- If you are sourcing through a placement consultant, you need to include the professional charges of the agency in the recruitment cost.
Regards,
Bagavathi123
The sum of these expenses is covered under the recruitment cost.
From India, Hosur
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We should always search CiteHR, as Aussiejohn keeps requesting, before posting a query. For example, a search for Recruitment cost would have led to https://www.citehr.com/36149-how-cal...cruitment.html.
Every ratio has two components, a numerator and a denominator. Thus, without clearly knowing what these two are, it's like asking "How long is a piece of string?" or "How do I get to New Delhi?"
Have a nice day.
Regards,
Simhan
From United Kingdom
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Every ratio has two components, a numerator and a denominator. Thus, without clearly knowing what these two are, it's like asking "How long is a piece of string?" or "How do I get to New Delhi?"
Have a nice day.
Regards,
Simhan
From United Kingdom
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You can consider various aspects to calculate recruitment costs, as rightly mentioned earlier in the post:
1. Hourly salaries of interviewers (HRs and technical interviewers).
2. Transport and other facility costs of candidates.
3. Other charges (phone bills, electricity, rent, stationery, printing, advertising, medical check-ups, etc.).
4. Vendors costs (consultancy firm, subscription costs, headhunters' commission, etc.).
*Other charges can be apportioned according to the extent of use by respective departments/divisions.
(1+2+3+4) = Hiring Cost
Average cost of recruitment = Hiring Cost / Number of candidates interviewed.
You may calculate the cost on an hourly, daily, weekly, or monthly basis and obtain the result for the cost of recruitments. However, please ensure to bring all costs to an equal platform such as an hourly, daily, or monthly basis.
Hope this is helpful.
From Kuwait, Salmiya
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1. Hourly salaries of interviewers (HRs and technical interviewers).
2. Transport and other facility costs of candidates.
3. Other charges (phone bills, electricity, rent, stationery, printing, advertising, medical check-ups, etc.).
4. Vendors costs (consultancy firm, subscription costs, headhunters' commission, etc.).
*Other charges can be apportioned according to the extent of use by respective departments/divisions.
(1+2+3+4) = Hiring Cost
Average cost of recruitment = Hiring Cost / Number of candidates interviewed.
You may calculate the cost on an hourly, daily, weekly, or monthly basis and obtain the result for the cost of recruitments. However, please ensure to bring all costs to an equal platform such as an hourly, daily, or monthly basis.
Hope this is helpful.
From Kuwait, Salmiya
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