We all know that recruiting new employees takes time, patience, and frankly a sprinkling of good luck. But the actual cost of recruiting is often not as apparent. Unfortunately, there's a lot more cost involved than the price of an ad in your local newspaper. This Recruiting Costs Calculator can give you a better idea of how much you actually spend to recruit new employees.

Jobs Filled Last Year
Enter the approximate number of jobs you have filled in the past 12 months:
Responses per Opening
Enter the number of candidate responses per job opening:
Recruiting Costs
Enter the per job opening costs of
Newspaper advertisements: Varies from $250 to $3500 depending on size and newspaper	$
Candidate referral fees: Amount paid in candidate finder fees	$
Recruiter fees: Typically 30% of first year salary	$
Temporary-to-permanent placement fees:	$
Internet job posting fees:	$
Recruiting brochures and materials:	$
Other costs: Include candidate interview travel, reference and background checking fees, drug screening fees, signing bonuses, etc.	$
The Cost of Your Time
Enter the hourly cost of your time:	$
Hours You Spend on Various Recruiting Activities

Enter the number of hours per job opening spent on	Cost for jobs you filled last year
Preparing for interviews:		$
For new hire planning:		$
Prepare and placing ads:		$
Preparing recruiting brochures and materials:		$
Screening first-round applicants:		$
Conducting phone interviews:		$
Setting up and preparing for first-round interviews:		$
Conducting first-round interviews:		$
Selecting candidates for second-round interviews:		$
Setting up and preparing for second-round interviews:		$
Conducting second-round interviews:		$
Selecting final candidate:		$
Checking references:		$

Your Recruiting Costs
	Per Job	All Jobs
Recruiting costs:	$	$
Your time:	$	$
Grand totals:	$	$

Of course, your actual costs depend on your industry, location and individual circumstances. But you can save time and money by taking steps to reduce recruiting costs and increase the quality of the candidates you consider. C2 Portfolio can help you streamline the recruitment process and find the right people.