HireSmart - Hire Cost Survey

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Hire Cost Survey

Helps employers clarify the actual costs of their present recruitment and hiring system.
Respondents receive a summary report via e-mail that organizes their costs in six
primary categories: recruiting, evaluating candidates, relocation expenses, training,
productivity costs, and opportunity costs. Respondents receive bottom line savings
estimates for reducing turnover by 30% and 50%. The first departmental survey is
free. Additional, surveys cost $50 each.

First Name:

Last Name:

Company Name:

Type of Business:

Job Title:

Number of Employees:

Phone:

Fax:

E-Mail:

Mailing Address:

City:

State:

Zip:

Number of Departing Employees
            Since (Date) Number of Employees Hired
            Since (Date)

Number of Employee Turnovers
            per year $ Turnover Cost per Employee (see Below)

$ Turnover Cost Per Employee X Number of Turnovers per Year

Bottom-Line Savings if turnover was reduced by 30% $
                                                                        by 50% $

Recruiting Costs Time Per Applicant Number of Applicants Personnel Pay Rate Item Cost Per Person Annual Cost

Reviewing Resumes

Advertising Cost - - - -

Agency & Search Fees - - - -

Setting Appointments

Recruiter Fees

Evaluating Candidates Time Per Applicant Number of Applicants Personnel Pay Rate Item Cost Per Person Annual Cost

Interviews (multiple?)

Testing

Background Checks

Reference Checks

Medicals

Alcohol & Drug Tests

Relocation Expenses Time Per Applicant Number of Applicants Personnel Pay Rate Item Cost Per Person Annual Cost

-

Training New Hires Trainer/Supervisor
Time in hours Trainer's Pay Rate Cost of Materials Item Cost Per Person Annual Cost

Initial Training

On-the-job Training

Cross & Retraining

Productivity Costs Time Period in Hours Total Wages Earned Productivity Gap Cost (%) Item Cost Per Person Annual Cost

Initial Performance 75%

Early Performance 50%

Seasoned Performance 25%

Maximum Performance 0%

Opportunity Costs Lost Leads Lost Customers Lost Other Item Cost Per Person Annual Cost

-

Litigation - - -

SUBTOTALS

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Number of Departing Employees Since (Date)	Number of Employees Hired Since (Date)
Number of Employee Turnovers per year	$ Turnover Cost per Employee (see Below)
$ Turnover Cost Per Employee X Number of Turnovers per Year
Bottom-Line Savings if turnover was reduced by 30% $ by 50% $

First Name:
Last Name:
Company Name:
Type of Business:
Job Title:
Number of Employees:
Phone:
Fax:
E-Mail:
Mailing Address:
City:
State:
Zip:

Recruiting Costs	Time Per Applicant	Number of Applicants	Personnel Pay Rate	Item Cost Per Person	Annual Cost
Reviewing Resumes
Advertising Cost	-	-	-	-
Agency & Search Fees	-	-	-	-
Setting Appointments
Recruiter Fees

Evaluating Candidates	Time Per Applicant	Number of Applicants	Personnel Pay Rate	Item Cost Per Person	Annual Cost
Interviews (multiple?)
Testing
Background Checks
Reference Checks
Medicals
Alcohol & Drug Tests

Relocation Expenses	Time Per Applicant	Number of Applicants	Personnel Pay Rate	Item Cost Per Person	Annual Cost
-

Training New Hires	Trainer/Supervisor Time in hours	Trainer's Pay Rate	Cost of Materials	Item Cost Per Person	Annual Cost
Initial Training
On-the-job Training
Cross & Retraining

Productivity Costs	Time Period in Hours	Total Wages Earned	Productivity Gap Cost (%)	Item Cost Per Person	Annual Cost
Initial Performance			75%
Early Performance			50%
Seasoned Performance			25%
Maximum Performance			0%

Opportunity Costs	Lost Leads	Lost Customers	Lost Other	Item Cost Per Person	Annual Cost
-
Litigation	-	-	-
SUBTOTALS