I have been looking for sources of information on ROI and Recruiting Costs. Can anyone suggest a source I can research?
Cynthia – I posted about this a while back; unfortunately I didn’t do cost per hire, but there might be something to get you started: http://hrtests.blogspot.com/2007/06/recruiting-metrics.html
Thanks Bryan. Is that your blog? It was very helpful.
I’m still blocked. It’s interesting though that no one has really done a full ROI for federal jobs. I need to do more searching within OPM.
Your referenced the Saratoga Institute in your blog. You know that it’s now owned by Price Waterhouse?
For costs, I’ve been generally taught to include direct and indirect costs. The average is 3’s annual salary. That might be high–or low depending on the level of position. But, if you agree that the average length of time to fill a position is 40 days (1 year if you are the government)–that’s not even including the time the person in the job is disengaged, it could be much higher.
Maybe we could co-author an article on this?
1) yep, that’s my blog!
2) Nope, didn’t know PW bought Saratoga…interesting.
3) I think the costs are all over the place depending on, as you point out, the position (and the organization, and the labor market, etc.)
4) Always happy to collaborate! 🙂
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