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  Cost of Hiring
Make sure you fully consider all the costs associated with hiring a new employee and consider how much of these costs can be handled by your staffing partner.

Try out our cost of hiring calculator and contact Adams & Martin Group to learn how we can reduce your costs and maximize quality.
Costs of Hiring Calculator
This formula assumes you need only one recruitment ad to find the right talent and you're the only interviewer. If more advertising or resources are involved, you need to increase your multipliers/hours to find a closer approximation of your hiring expenses.
STEP 1: Determine how much your time costs per hour Your Hourly Rate: 
$0
  Please enter your annual salary:



STEP 2: Main Costs Main Cost (1): 
$0.00
  Ad cost for 1X only:  Internet $:   Newspaper $: 
 
Ad copywriting and placement:  hour(s).
 
Resume review:  responses @ minutes / resume = 20.8 hours.
 
Assemble candidate list:  hour(s).
 
Phone pre-screening:  calls @ minutes each = 2.0 hours.
 
Time to organize: interviews.   hour(s).
 
Interviews: 6 interviews @ hour(s) each = 6.0 hours.
 
Reference and employment history check: hour(s).



STEP 3: Miscellaneous Costs
Because recruiting activities often mention your company name, phone number and Web address, you should then assume:
Miscellaneous Costs (2): 
$747.00
   
50 phone calls to main phone number:  hour(s).
 
Receptionist time with candidate resumes:  hour(s).
 
Interview questions prep-time:  hour(s).
 
Arrange Round 2 of interviews:  hour(s).
 
Interview finalists:  candidates @ hour(s) each = 3.0 hours.
 
Miscellaneous time expenditure:  hour(s).
 
Calls to interviewed candidates: 6 calls @ minutes each = 1.5 hours.
 
Letters to candidates not hired:  hour(s).
 
Stationary and postage: 249 candidates @ dollars each = $747.00

  Summary  
 
Total Main Costs(1):   $0.00
Total Miscellaneous Costs(2):   $747.00
Total Company Costs:   $747.00
Total Hours Recuiting: 46.3
 
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