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Three Recruitment Methods: Cost Comparisons
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Three Recruitment Methods: Cost Comparisons
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Change the red values in text boxes to do what-if analysis, then press "Enter" or "Tab".
Amount In
Rs.
$
£
€
Conventional Method [CM]
Job Board / Own Website [JB]
JOBSAtAnytime + RECRUITAtAnytime [JR]
[1] Scenario
[1.1] Job Titles / Positions [Nos.]
[CM 1.1]
[CM 1.1]
[1.2] Vacancies Per Job Title [Nos.]
[CM 1.2]
[CM 1.2]
[1.3] Press Ad Cost [Amount]
[20% of CM 1.3]
[20% of CM 1.3]
[1.4] Applications Recd. Per Vacancy [Nos. Per Vacancy]
[CM 1.4]
[CM 1.4]
[1.5] Junior Staff Salary [Amount Per Month]
[CM 1.5]
[CM 1.5]
[1.6] Senior Manager Salary [Amount Per Month]
[CM 1.6]
[CM 1.6]
[1.7] Sr's Interview Time Provided [Minutes Per Candidate]
[2] Summary Performance Indicators
[2.1] Position Creation Total Time (Sr.) [Minutes]
%
%
%
[8.2] [8.2 / 11.2 * 100]
[8.2] [8.2 / 11.2 * 100]
[8.2] [8.2 / 11.2* 100]
[2.2] Shortlisting Total Time (Sr.) [Minutes]
%
%
%
[9.2] [9.2 / 11.2 * 100]
[9.2] [9.2 / 11.2 * 100]
[9.2] [9.2 / 11.2 * 100]
[2.3] Interviewing Total Time (Sr.) [Minutes]
%
%
%
[10.1] [10.1 / 11.2 * 100]
[10.1] [10.1 / 11.2 * 100]
[10.1] [10.1 / 11.2 * 100]
[2.4] Senior Manager's Total Time [Minutes]
%
%
%
[11.2]
[11.2]
[11.2]
[2.5] Junior Staff's Total Time [Minutes]
[11.1]
[11.1]
[11.1]
[2.6] Interview Time Per Candidate [Minutes Per Interview]
[2.7] Total Cost (Press Ad + Manpower) [Amount]
[13]
[13]
[13]
[2.8] Cost Scale [Amount Per Recruit]
%
%
%
[13 / 13]
[JB 13 / CM 13]
[JR 13 / CM 13]
[2.9] Cost Per Hire [Amount]
[13 / (1.1 * 1.2)]
[13 / (1.1 * 1.2)]
[13 / (1.1 * 1.2)]
[3] Cost Savings vs "Conventional" [Amount]
[2.7 - 2.7]
[CM 2.7 - JB 2.7]
[CM 2.7 - JR 2.7]
[4] Error Types
[4.1] Alpha Errors
Assured
High
Lowest
[4.2] Beta Errors
Low
High
Lowest
Details Of Processing Costs
Summary
|
Reset
Change the red values in text boxes to do what-if analysis, then press "Enter" or "Tab".
Conventional Method [CM]
Job Board / Own Website [JB]
JOBSAtAnytime + RECRUITAtAnytime [JR]
[5] Total Applications Recd [Nos.]
[1.1 * 1.2 * 1.4]
[1.1 * 1.2 * 1.4]
[1.1 * 1.2 * 1.4]
[6] Position Linked Speed Of Work
[6.1] Jr's Time [Minutes Per Position]
[6.2] Sr's Time [Minutes Per Position]
[7] Applications Linked Speed
[7.1] Jr's Time In Shortlisting [Minutes Per Appl]
[7.2] 1st Shortlist [Nos. Shortlisted Per Position]
[7.3] Total Nos Shortlisted [No. of Applicants]
[7.2 * 1.1 * 1.2]
[7.2 * 1.1 * 1.2]
[7.2 * 1.1 * 1.2]
[7.4] Sr's Time In Reading Application [Minutes Per Appl]
[8] Position Creation Time
[8.1] Jr's Time [Minutes]
[6.1 * 1.1]
[6.1 * 1.1]
[6.1 * 1.1]
[8.2] Sr's Time [Minutes]
[6.2 * 1.1]
[6.2 * 1.1]
[6.2 * 1.1]
[9] Shortlisting Time
[9.1] Jr's Time [Minutes]
[7.1 * 5]
[7.1 * 5]
[7.1 * 5]
[9.2] Sr's Time [Minutes]
[7.3 * 7.4]
[7.3 * 7.4]
[7.3 * 7.4]
[10] Interview Time
[10.1] Sr's Time [Minutes]
[1.7 * 7.3]
[1.7 * 7.3]
[1.7 * 7.3]
[11] Total Time Spent
[11.1] Jr's Time [Minutes]
[8.1 + 9.1]
[8.1 + 9.1]
[8.1 + 9.1]
[11.2] Sr's Time [Minutes]
[8.2 + 9.2 + 10.1]
[8.2 + 9.2 + 10.1]
[8.2 + 9.2 + 10.1]
[12] Total Manpower Cost [Amount]
[(11.1 * 1.5 /
22 / 8 / 60
) + (11.2 * 1.6 /
22 / 8 / 60
)]
[(11.1 * 1.5 /
22 / 8 / 60
) + (11.2 * 1.6 /
22 / 8 / 60
)]
[(11.1 * 1.5 /
22 / 8 / 60
) + (11.2 * 1.6 /
22 / 8 / 60)
]
[13] Total Cost (Ad + Manpower) [Amount]
[1.3 + 12]
[1.3 + 12]
[1.3 + 12]
[14] Data Transformation Cost
[14.1] Applicants applying by email [%]
%
[14.2] No. of resumes for transformation [Nos.]
[5 * (14.1 / 100)]
[14.3] Transformation rate per resume [Amount]
[14.4] Cost of repository creation [Amount]
[14. 2 * 14.3]
[14.5] Cost advantage with 100% applicants compliance over "Job Board / Own Website" [Amount]
[JR 3 - JB 3]
[15] Net Savig Over "Job Board / Own Website" [Amount]
[14.5 - 14.4]
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