Cost of Recruitment Calculator

Calculate Cost of Recruitment



Formula

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

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

Where:

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: \( CPH = \frac{IC + EC}{H} \)

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

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: \( RC% = \frac{RC}{S} \times 100 \)

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

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: \( RR = \frac{H}{T} \)

Example: \( RR = \frac{10}{6} \)

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: \( CR_{UK} = \frac{TCR}{H} \)

Example: \( CR_{UK} = \frac{50000}{20} \)

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: \( ACR_{UK} = \frac{TCR}{H} \)

Example: \( ACR_{UK} = \frac{60000}{15} \)