Cost Per Hire Analysis Template
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1Cost per Hire (Example)
Enter the data below to calculate your Cost per Hire for a single position.
COST TO ADVERTISE
Time (Hours)
Extra Cost
Time to Write and Post the Ad
___1____
Advertising Fees
___0____
$__750___
Job Board Postings
___.5____
$__300___
Recruiting Fees
___0____
$________
COST TO SCREEN RESUMES
Time to Review Resumes
___1.5__
Time to Qualify Resumes
___1____
Time to Schedule Interviews
___1____
COST TO INTERVIEW
Initial Telephone Screen time
___1____
st
1
Face-to-Face Interview time
___1____
nd
2
Face-to-Face Interview time
___1____
COST TO VERIFY
Reference Checks
___1____
Background Check
___.5____
$___50___
Education Verification
___1____
$___50___
Drug Test
___.5____
$___25___
COST TO MAKE OFFER
Human Resources time
___1____
Document and Present Offer
___1____
Discuss Counter Offer
___1____
HR COST PER HOUR
14
$25
$350
$1,175
$1,525
TOTAL TIME FOR ONE HIRE
=
+
+
=
=
X
4
NUMBER OF HIRES ANNUALLY
X
$4,575
TOTAL ANNUAL COST TO HIRE
TOTAL COST OF BIRMINGHAM ON-
DEMAND
___$3,540___
$1,035
SAVINGS BY USING BIRMINGHAM ON-DEMAND
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Parent category: Business