Recruiting new employees should be preceded by a clear understanding of the full costs of current employees in relation to those of each new hire. This is an exercise valuable to all organizations to help them budget for additional resources. Costs should be estimated based on compensation (salary, benefits, overtime, etc.) and infrastructure costs, including additional hardware, software, administration, and so on. An understanding of the “true” cost of hiring a new employee is necessary for evaluating the ROI of a new hire.

Related Content

Hide Details

Search Code: 8875
Published: October 17, 2008
Last Revised: October 2, 2015


Get Access

Get Instant Access
To unlock the full content, please fill out our simple form and receive instant access.