Recruitment should be informed by a clear understanding of the full costs of current employees in relation to each new hire. Use this worksheet to determine total compensation for your staff based on:

  • Compensation (salary, benefits, overtime, etc.)
  • Infrastructure costs, including additional hardware, software, administration, etc.

An understanding of the true cost of hiring a new employee is necessary for evaluating the ROI of a new hire.

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Search Code: 48679
Published: October 26, 2011
Last Revised: October 26, 2011

2 Comments

  • Missing comment
    Bruce Baker | 01-21-2012

    I would have love to see a Canadian version :(

    • 524813cde9e31b150885f5506a5f3e1e comment
      McLean & Company | 02-08-2012

      Thanks for your comment. We appreciate your idea and will add this tool to our list of upcoming revisions.

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