Calculating The
Cost Per HireBy Brian Weis
Recruiters Network
The best known method to calculate the Cost Per
Hire (CPH) has been developed by the Employment Management Association (EMA), a
special interest group of the Society
for Human Resources Management.
Its 1997, EMA did a study that calculated the
average CPH for newspaper vs. Internet. Their
findings showed the Internet was drastically lower.
CPH with print advertising $3,295
CPH with the Internet $377
The algorithm used to calculate these figures was
developed by EMA, in conjunction with the Saratoga Institute.
Formula: CPH = AD + AF +ER + T + Relo + RC +
10%
(Use our online Cost Per Hire
Calculator)
Key:
AD represents your ad costs
AF are agency fees
ER are employee referral costs
T is travel
Relo is relocation costs
RC represents the fully loaded cost of all recruiter's time 10% is a
historically derived figure for all overhead and administrative support.
********
Other Resources and Articles
Report
Dead Link | Suggest
A Site |
