Recruitment costs mainly include direct labor costs and direct business expenses of the recruiter, such as recruitment negotiation meeting fees, travel expenses, agency fees, advertising fees, publicity materials fees, office expenses, utilities and so on. There are also indirect costs, including management fees, temporary venues and equipment use fees.
Step 2 Choose the cost
The selection fee includes all the expenses related to deciding whether to hire or not, such as initial examination, interview, psychological test, comments and physical examination.
3. Employment cost
Employment expenses include admission fees, transfer compensation fees, resettlement fees, travel subsidies and other related expenses arising from employment. These expenses are generally direct expenses.
4. Resettlement costs
Resettlement fee is a variety of management fees for enterprises to arrange admitted employees to engage in certain jobs; The time cost lost by the recruitment department for the placement of personnel; The employment department arranges personnel service fees and consulting fees.
5. Training and learning costs
Pre-service education cost: Pre-service education cost includes wages of education and educatees, labor loss expenses of education and educatees, education management fees, data fees, depreciation expenses of educational equipment, etc.
On-the-job training cost: On-the-job training cost refers to the expenses incurred by enterprises to train employees to meet job requirements, including on-the-job training cost and on-the-job retraining cost. On-the-job training is mainly accomplished by bringing the old with the new.
6. Turnover cost
Resignation compensation cost: Resignation compensation cost refers to the expenses that an enterprise should compensate employees when dismissing employees or employees voluntarily resign, including wages payable to employees up to the time of resignation, one-time severance payment paid to employees, necessary resettlement fees for resigned employees, etc.
Resignation management fee: Resignation management fee is the management fee incurred by enterprise managers to handle the affairs related to resignees.
Vacancy cost: Vacancy cost refers to the loss of job vacancies after employees leave their jobs. Because job vacancies may adversely affect the completion of a job or task, thus causing losses to enterprises.
Extended data
Labor cost is the first factor of financial expenses of enterprises today, especially the fixed cost (referring to fixed salary and insurance and welfare), which must be paid regardless of the company's operating performance.
Therefore, we must strictly control the labor cost, improve the efficiency of personnel use through organizational structure design, job matching and process management, and also need to establish strict job preparation and labor cost budget to control the labor cost.
Generally speaking, the labor budget is made by year, but the total amount can be divided by 12 and decomposed into months. Of course, this is an approximate calculation method. In practical work, you can also prepare labor cost budgets on a monthly and quarterly basis.
Labor cost budget can be compiled by organization or cost accounting unit such as cost center, and the labor cost budget compiled by organization can be transformed into a budget with cost center as the statistical dimension.
Then, the monthly and annual labor cost budgets are used for approval before and control when labor costs occur. When such labor costs occur, department heads at all levels and HR directors can know fairly well, and it is best to control them within the labor cost budget. Even if the enterprise allows certain projects to exceed the budget under certain circumstances, there should be early warning and prompt of exceeding the budget, and there should be necessary examination and approval control links for expenses.
Resources Baidu Encyclopedia-Labor Cost