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It should start with Genesis Assessments
What is the
true cost of a new hire? How about the cost of
turnover? You tell us.
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Average Annual Salary of Employees |
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Benefits/ Payroll Tax Costs (express as a %) |
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Average time to fill vacancies (weeks) loss of
productivity |
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FTE Recruiters fee |
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Annual Expenditures on Job Boards |
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Annual Expenditures on Classified Ads |
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Annual Expenditures on Career Fairs/ Misc |
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Weekly time spent Sourcing resumes |
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Average Time Spent Reviewing 1 Resume |
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Average Time Spent per Phone Interview |
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Average Time Spent per Personal Interview |
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Average Manager Time Spent on Realistic Job
Preview (or 2nd Interview) |
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Average Time Spent Preparing One Offer |
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#
of Resumes Reviewed per Phone Interview |
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# of Phone Interviews per Personal Interview |
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# of Personal Interviews per Realistic Job
Preview (or 2nd Interview) |
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# of Realistic Job Previews (or 2nd
Interview) per Offer Extended |
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% of Offers Accepted |
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Cost of One Background Check |
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Cost of Individual skills Assessment |
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Cost of One Employment Verification |
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Percent of Employees who Pass All Screens |
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Orientation/ Training Materials Cost (per
employee) |
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Total time (in weeks) spent in training during
first year |
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Instructor's Salary |
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FTE Instructors Dedicated to New Hires |
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Typical % of Productivity for New Hire after
Initial Training |
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Time for new hire to be productive
(weeks/months) |
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Avg Weekly Hours Manager Spends with New Hire
during Ramp-Up |
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Retain Top Performers
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