Cost to Advertise the Position
Number of ads placed:  
Price of each ad: $
Hours involved:  
 
 HR Staff Costs
Annual HR salary: $
     
 Costs to Interview
Number of candidates interviewed:  
Number of interviewers:  
Average salary of interviewers: $
 
 Productivity Losses
ENTER the position's salary: $
 
 Relocation Costs
ENTER 0 if relocation does not apply: $
     
 Cost of Training
Number of months spent training:  
 
Total Cost of a Bad Hire: $      


*Averages were compiled from: USA Today 2004 Classified Advertising Rates; Workforce Management, March 2003: "Estimating the Financial Value of Staffing-Assessment Tools" by Dr. Charles Handler and Dr. Steven Hunt; 2002 SHRM/EMA Cost Per Hire Survey; HR Magazine, November 2003: "HR Compensation Special Report"; Workforce, January 2001: "The Importance of Cost Per Hire" by Barbara Davison.