Connections The Recruitment Specialists’ Post

When figuring out the cost of recruitment it's important to think beyond just the cost per hire. There’s a lot more to it and the total expense can vary quite a bit depending on the role. CIPD estimates that filling a vacancy costs about £6,125 on average. And if you're hiring for more senior positions or using outsourced recruitment, those costs can really add up! 𝐂𝐨𝐬𝐭 𝐏𝐞𝐫 𝐇𝐢𝐫𝐞 (𝐂𝐏𝐇): Encompasses all recruitment expenses to bring a new hire on board, excluding training and onboarding. It’s calculated as: CPH = (Internal costs + External costs) / Number of hires 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐥 𝐂𝐨𝐬𝐭𝐬: Include salaries, software, assessment tools, referral programmes, recruitment event expenses and employer branding efforts. 𝐄𝐱𝐭𝐞𝐫𝐧𝐚𝐥 𝐂𝐨𝐬𝐭𝐬: Typically involve agency fees, which can range from 20-30% of the starting salary. Connections The Recruitment Specialists offer a different approach with sensible, flat-rate pricing for multiple hires, eliminating placement fees. For a more cost-effective recruitment solution, get in touch with us! #Recruitment #CostOfRecruitment #HR #Volume  

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