Estimate savings in hiring cost with iPlace Cost Calculator | iPlace

Estimate Your Cost Savings With the iPlace Cost Calculator

There are many internal and external costs associated with hiring. The total cost is often much larger than it seems!

Internal Costs

  • Salaries, incentives, commissions, and perks paid to the in-house recruiting and HR teams
  • Hardware, infrastructure, and overhead costs
  • Applicant tracking system, job boards, social media platforms, chatbots, software tools used for interviews, cognitive testing tools
  • Referral bonuses paid to employees

External Costs

  • Paid job postings, social media advertising, job fairs, college recruitments, walk-in interviews/open house
  • Referral bonuses paid to non-employees
  • Retainer and placement fees paid to recruiting agencies
  • Background and reference check fees

An exhaustive list of costs indeed! Calculating your annual hiring cost will help you identify ways to save money and improve cost-effectiveness.

Try the iPlace Cost Calculator to assess your annual hiring cost and estimate right away how much you can save.

iPlace Cost Calculator

Learn how you can lower your recruiting costs with iPlace’s recruiting solutions.