Cost of an Open Position

DIRECTIONS: Fill in the blanks below and on the following pages for your company or business unit.

Your Company/Business Unit

Number of Technical Employees

Number of Hires Per 12 Month Period

Average Wage of Open Positions (Fully Loaded)

/hr

Advertising

Combined expenses for online job boards, newspaper ads, etc.

Internal meetings to screen and select candidates

Staff time to interview all considered candidates

Internal meetings to select new employee

Staff time spent reviewing and considering candidates

Annual cost for preemployment testing

Other Internal HR Hours associated with these hires (screening applicants, setting up interviews, paperwork)

Staff time required for other HR procedures

Total Recruiting and Hiring Cost

Divided by number of hires

Recruiting and Hiring Cost Per Hire

Premium paid to a search firm to identify and select candidates, or to a temporary agency (if not applicable, enter zero jobs).

Staffing Firm Cost Per Hire

Employee OJT Costs

Amount of time a new employee spends on in-house training or non-productive position

Supervisor OJT Costs Per Hire

Amount of time staff spends training or supervising new hires (time spent away from actual production)

Cost of training equipment, production equipment, or consumables used for training instead of production

Total On the Job Training Cost Per Hire

Total Cost Per Hire