Briefly introduce the related concepts of cost-benefit evaluation of employee recruitment.

A: (1) Cost-benefit evaluation is an analysis of the effect of recruitment costs. Including the total cost-benefit analysis of recruitment, cost-benefit analysis of recruitment, cost-benefit analysis of personnel selection and cost-benefit analysis of personnel recruitment. The specific calculation formula is as follows.

Total cost benefit = number of employees/total recruitment cost

Cost-effectiveness of recruitment = number of applicants/expenses during recruitment.

Cost-effectiveness of selection = number of people selected/cost of selection period.

Cost-effectiveness of employment = number of regular employees/expenses during employment.

(2) The ratio of recruitment income to cost. It is not only an economic evaluation index, but also an index to evaluate the effectiveness of recruitment. The greater the ratio of recruitment income to recruitment cost, the more effective the recruitment work is.

Benefit-cost ratio of recruitment = total value created by all new employees for the organization/total recruitment cost.