Question

Estimate the cost per hire of the various sources for a supermarket company. Give an example too

Answer 1

Cost per hire = ( internal recruiting costs + external recruiting costs)/Total number of hires in given period of time

Internal recruiting costs include

1) In-house talent acquisition team salaries

2) Hiring manager Salary

3) employee referral bonuses

4) Talent acquisition system costs (Hardware and software)

External recruiting costs include

1) Drug testing and Background checks

2) Applicant Tracking System (ATS) fees

3) Marketing

4) Job portal fees

5)Travel expenses for recruitment

6) Technology Cost

7) Signing bonuses

8) Job fair and campus recruiting costs