EXTERNAL HIRING

COST FACTOR COST (INR)

ADVERTISING COST ₹ 50,000
JOB BOARD FEES ₹ 38,000
AGENCY FEES ₹ 50,000
EXTERNAL REFERRAL BONUS ₹ 90,000
TRAVEL COST OF CANDIDATES ₹ 100,000
PROCESSING COST ₹ 55,000
SALARY & BENEFITS - MANAGER ₹ 72,000
SALARY & BENEFITS - HR STAFF ₹ 40,000
SALARY & BENEFITS - SUPPORT STAFF ₹ 8,800
MISCELLANEOUS COST ₹ 20,000
TOTAL COST ₹ 523,800
COST PER EXTERNAL HIRE ₹ 10,476

INTERNAL HIRING
COST FACTOR COST (INR)
INTERNAL ADVERTISING COST ₹ 10,000
RELOCATION COST ₹ 60,000
INTERNAL REFERRAL BONUS ₹ 10,000
SALARY & BENEFITS - MANAGER ₹ 14,400
SALARY & BENEFITS - HR STAFF ₹ 8,000
SALARY & BENEFITS - SUPPORT STAFF ₹ 1,760
TOTAL COST ₹ 104,160
COST PER INTERNAL HIRE ₹ 10,416

TOTAL COST PER HIRE = (523800+104160)/60; i.e. INR

 EXTERNAL HIRING
EXPLANATION
NEWSPAPER AD COST
MONTHLY FEES OF 30000 + 8000 FOR MONSTER
FOR SOURCING 100 CVs
REFERRAL BONUS OF 5000 EACH FOR 18 CANDIDATES
COST PER CANDIDATE (2000) X NO. OF CANDIDATES (50)
(500 FOR BGV + 600 FOR MEDICAL) * 50 EXTERNAL HIRES
SALARY PER DAY (600*8) X NO. OF DAYS (5) X NO. OF MANAGERS (3)
SALARY PER DAY (200*8) X NO. OF DAYS (5) X NO. OF MEMBERS (5)
SALARY PER DAY (50*8) X NO. OF DAYS (5) X NO. OF MEMBERS (4) + 10% OF OVERHEAD
JOINING FORMALITIES RELATED EXPENSES
SUM OF ALL THE COST FACTORS
TOTAL COST (523800) / NO. OF HIRES (50)

INTERNAL HIRING
EXPLANATION
COST OF ADS ON INTRANET, NOTICE BOARDS, ETC.
COST OF RELOCATION (15000) X NO. OF EMPLOYEES TO BE RELOCATED (4)
REFERRAL BONUS OF 2000 EACH FOR 5 CANDIDATES
SALARY PER DAY (600*8) X NO. OF DAYS (1) X NO. OF MANAGERS (3)
SALARY PER DAY (200*8) X NO. OF DAYS (1) X NO. OF MEMBERS (5)
SALARY PER DAY (50*8) X NO. OF DAYS (1) X NO. OF MEMBERS (4) + 10% OF OVERHEAD
SUM OF ALL THE COST FACTORS
TOTAL COST (104160) / NO. OF HIRES (10)

OTAL COST PER HIRE = (523800+104160)/60; i.e. INR 10466