HR Analytics - Recruitment Case.docx - Type of Costs associated with the Recruitment Process Sources of External Hiring Costs Advertising cost in all

HR Analytics - Recruitment Case.docx - Type of Costs...

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Type of Costs associated with the Recruitment Process Sources of External Hiring Costs Sources of Internal Hiring Costs Advertising cost in all media Internal advertising cost Agency fees Internal referral bonus External referral bonus Relocation cost External travel cost Internal travel cost External recruiter cost Internal recruiter cost Processing cost Processing cost Miscellaneous cost Miscellaneous cost Notes: 1. Agency cost is not applicable on internal hires. 2. In this case, relocation benefits are only paid to internal hires. 3. Internal recruiter cost may include costs of involvements of managers and support staff. TQR Solutions, a leading BFSI was planning to recruit 50 new employees in addition to 10 internal hires for lower level positions. The HR Head, Riya and her team evaluated different job posting sources like LinkedIn, Monster.com, CareerBuilder, Ladders and online ads in addition to print ads and participation in career fairs. LinkedIn, being the most popular inline tools for recruitment, was charging Rs.
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