Please Show Your Calculations!
Calculate the Cost of Recruitment…..
Advertising Costs = $57,000
Agency Fees = $21,000
Referral Bonuses = $3,000
Total Hires = 215
Calculate the Yield Ratio:
Resumes obtained from employment agency = 57
On-Site Interviews Granted = 15
Calculate the Acceptance Ratio:
From above example 4 candidates accepted of 9 who were offered jobs.
Calculate the Intern Conversion Ratio:
162 Interns in our program last summer
51 Interns in that supper program accepted full time positions
The Cost of Recruitment=(Total internal + external cost)/total number of hires
Total internal and external cost = Advertising Costs+ Agency Fees+ Referral Bonuses
Total internal and external cost = $57,000+ $21,000+ $3,000
Total internal and external cost =$81,000
Total Hires = 215
The Cost of Recruitment=($81,000)/215
The Cost of Recruitment=$376.744/Hire
Answer:- Yield Ratio = (Number of candidates invited to interview/(Number of leads from a recruitment method ) *100R
Number of leads from recruitment method=57
/ Number of candidates invited to interview=15
Yield Ratio =(15/57)*100%
Yield Ratio =26.32%
Acceptance Ratio=Candidates accepted the offer/Total candidates offered the job
Acceptance Ratio=(4/9)*100%
Acceptance Ratio=44.44%
Intern Conversion Ratio= (Total number of interns became full time employee/ Total number of interns)*100%
Intern Conversion Ratio=51/162)*100%
Intern Conversion Ratio=31.48%
Please Show Your Calculations! Calculate the Cost of Recruitment….. Advertising Costs = $57,000 Agency Fees =...