The expenses associated with hiring new personnel.

Our independent reviews are supported in part by affiliate commissions, which are not passed on to our readers. As the recruitment process has evolved, there has been a constant effort to understand and calculate the cost associated with it. Estimates vary broadly, with recruitment platform Glassdoor placing the average cost per UK hire at £3,000, and an Accounts and Legal study suggesting it to be closer to £12,000, taking into consideration the value of hiring-related tasks. Neither of these estimates includes salary costs. This article aims to break down the recruitment process and associated costs, including those related to using a recruitment agency. The main costs involved in recruitment include the production of a compelling job advertisement, placing job ads on relevant platforms, screening candidates, conducting phone interviews, and ultimately an in-person interview. Depending on the size of the organization, costs outside of the recruitment process, such as training and equipment, may also be incurred. The cost of using a recruitment agency varies based on their service offering, the engagement model, contract type, and the role’s seniority. Contingency recruitment and retained recruitment are the two primary recruitment business models used when working with recruitment agencies.