Cost Per Hire Calculator
Estimating Hiring Cost at Your Company
per new hire
Total Cost of Hiring
Cost of advertising, recruiting, and interviewing
Number of hours spent on hiring activities times hourly rate of the employees involved in these activities. Adding the average ad costs for job postings as determined by a survey of 204 managers conducted by Revature.
Cost of lost productivity from requisition to hiring
The period from making a job requisition to hiring is a period when no value is produced for the company. The total compensation of an employee (salary and benefits) is only 40% of the total value an employee produces for the company based on analysis by PwC. Using this finding and the annual salary that you input, we estimate the cost of lost productivity during the hiring process.
Cost of lost productivity during the learning phase
According to a survey conducted by Revature, it takes four to five months for a new hire to become fully productive. Since companies are different, we take your own estimate as a basis for the calculation and estimate the cost of lost productivity during the learning phase..
Training and other costs associated with new hires
Be More Strategic With Where You Invest Your Recruiting Dollars. Learn more about Revature.