Labor is typically a company’s highest cost. Calculating your cost per hire can help you make smart hiring decisions. But onboarding costs shouldn’t be left out of the equation. Understanding how much it costs to recruit and onboard a new employee offers a better understanding of the real cost associated with new hires.
Costs Associated with Hiring
There are two routes to take when hiring: either employ outside recruiting and hiring help or take on the task internally.
Hiring Outside Help
Hiring an outside recruiter or headhunter means less work internally to acquire new talent. But paying others to shoulder the