1. Candidate Generation and Recruitment Costs
Cost of writing/producing ads for newspapers/job boards(graphic designers, copy writers, placing ads)
$
Cost of running ads in newspapers/job boards
$
Cost of writing job description
$
Cost of internal company recruiters
$
Cost of third party recruiters
$
Careers Fairs, Trade Shows etc.
$
Cost to use outside interviewing/reference checking services
$
Cost of testing/evaluation services(pre-employment tests, drug tests, background checks, medical exams etc.)
$
Cost of time to use above services(your time plus the time of other managers/recruiters involved)
$
Cost of time to read CVs from job applicants(your time plus the time of other managers/recruiters involved)
$
Cost of time to telephone screen job applicants(your time plus the time of other managers/recruiters involved)
$
Cost of travel(flights, hotels, meals, car etc. associated with meeting job applicants)
$
Cost to communicate(long distance, call charges, postage, couriers, admin time for emails, letters etc.)
$
Cost of time to interview applicants(your time plus the time of other managers/recruiters involved)
$
Cost of time to reference check applicants(your time plus the time of other managers/recruiters involved)
$
Cost of support/administration to bring on new hire(orientation materials, set up on payroll and benefit plans)
$
Cost of moving expenses
$
2. Managing and Training Costs
Salary
$
Company benefits
$
Automotive expense
$
Travel expenses
$
Entertainment expenses
$
Equipment expenses(laptop computer, fax, phones, mobile etc.)
$
Office rental expenses(Employee's attributed share)
$
Miscellaneous office expenses(desk, chair, office materials)
$
Communication expenses(cell phone, long distance, couriers etc.)
$
Cost of support materials(brochures, giveaways etc.)
$
Costs of sample materials(sample books, demo equipment etc.)
$
Costs of admin/support/service personnel
$
Cost of HR personnel time(payroll, benefits, orientation)
$
Cost of formal training programs
$
Cost of third party trainer time
$
Cost of informal training materials
$
Cost of internal company trainer time
$
Cost of leads(advertising, promotion, lead generation personnel)
$
Cost of management time(Train, manage, motivate; your time plus the time of other managers/employees involved)
$
3. Termination Costs/Lost Opportunities
Cost of management time to terminate employee(your time plus the time of other managers/employees involved)
$
Cost of administration time to terminate employee(payroll, HR, benefits administration etc.)
$
Severance pay
$
Performance differential/Cost of lost sales(difference in gross margin between average person's results and terminated person's results for employment period)
$
Vacancy costs(Gross margin on sales lost while position is unfilled)
$
Other costs(misc. costs we may have missed)
$
A failed hire costs your company $
