Cost of Recruitment Calculator

Formula

The formula to calculate the cost of recruitment (COR) is:

\[ COR = \left( \frac{RR}{100} \right) \times S \]

Where:

$ COR $ is the cost of recruitment ($).
$ RR $ is the recruitment rate (%).
$ S $ is the total salary ($).

Example

Let's say the recruitment rate is 5% and the total salary is $100,000. Using the formula:

\[ COR = \left( \frac{5}{100} \right) \times 100000 \]

We get:

\[ COR = 5000 \]

So, the cost of recruitment ($ COR $) is $5,000.

Extended information about Cost-of-Recruitment-Calculator

Extended information about How to Calculate Recruitment Cost Per Hire

Definition: Recruitment cost per hire is the total cost incurred to hire a new employee, including both internal and external expenses.

Formula: $ CPH = \frac{IC + EC}{H} $

$ CPH $: Cost per hire
$ IC $: Internal costs
$ EC $: External costs
$ H $: Number of hires

Example: $ CPH = \frac{20000 + 30000}{10} $

$ IC $: $20,000
$ EC $: $30,000
$ H $: 10 hires

Extended information about Recruitment Cost as Percentage of Salary

Definition: Recruitment cost as a percentage of salary is the proportion of the recruitment cost relative to the employee's first-year salary.

Formula: $ RC% = \frac{RC}{S} \times 100 $

$ RC% $: Recruitment cost percentage
$ RC $: Recruitment cost
$ S $: Salary

Example: $ RC% = \frac{15000}{75000} \times 100 $

$ RC $: $15,000
$ S $: $75,000

Extended information about How to Calculate Recruitment Rate

Definition: Recruitment rate is the speed at which new employees are hired over a specific period.

Formula: $ RR = \frac{H}{T} $

$ RR $: Recruitment rate
$ H $: Number of hires
$ T $: Time period

Example: $ RR = \frac{10}{6} $

$ H $: 10 hires
$ T $: 6 months

Extended information about Cost of Recruitment UK

Definition: The cost of recruitment in the UK includes all expenses related to hiring new employees, such as advertising, agency fees, and onboarding costs.

Formula: $ CR_{UK} = \frac{TCR}{H} $

$ CR_{UK} $: Cost of recruitment in the UK
$ TCR $: Total cost of recruitment
$ H $: Number of hires

Example: $ CR_{UK} = \frac{50000}{20} $

$ TCR $: £50,000
\> H \): 20 hires

Extended information about Average Cost of Recruitment UK

Definition: The average cost of recruitment in the UK is the mean expense incurred to hire a new employee.

Formula: $ ACR_{UK} = \frac{TCR}{H} $

$ ACR_{UK} $: Average cost of recruitment in the UK
$ TCR $: Total cost of recruitment
$ H $: Number of hires

Example: $ ACR_{UK} = \frac{60000}{15} $

$ TCR $: £60,000
\> H \): 15 hires