What are the forms of recruitment costs?

Recruitment costs come in several different forms.

1. Recruitment costs. Recruitment costs refer to the costs incurred in the early stages of recruitment to attract applicants. For example, website renewal fees, venue fees for participating in job fairs, and travel expenses for recruiters.

2. Selection costs. Selection costs refer to the fees paid to identify and select applicants to decide which personnel to hire or not to hire. For example, candidate entertainment expenses, testing fees, and remuneration for hiring external experts for structured interviews.

3. Recruitment costs. Recruitment costs refer to the expenses incurred in recruiting suitable personnel to the enterprise after recruitment and selection. Recruitment costs include admission processing fees, transfer compensation, relocation expenses, travel allowances and other related expenses incurred by recruitment.

4． Placement costs. Placement costs refer to the costs incurred in placing employees who have been admitted to specific jobs. The placement cost consists of the various administrative expenses that must be incurred to arrange the work of new employees, the equipment and conditions required for the new employees to work, and the cost of time lost by the hiring department to place the personnel.

5. Turnover costs. Turnover costs refer to the losses caused to an enterprise due to careless recruitment and employee resignations, and generally include direct costs and indirect costs.

6． Replacement cost. Replacement cost refers to the cost of re-recruitment due to recruitment failure due to errors in recruitment methods or procedures.