![]() Careers pageĪn attractive and easy-to-use career page is important. An important addition is “branding materials,” which include any the costs of items you hand out or use during recruiting events. Career fairs, recruitment events and conferences are the most common examples. Only include costs directly associated with recruiting. Employer branding eventsĮmployer branding costs should be separate from marketing efforts. Sourcing software may also fall under this expense category. It’ll usually include recruitment agencies and headhunters. This category of your budget template reflects any external recruiting costs. Below you can see an example of how much a GAT test would cost along with the annual total and monthly average in the last columns: The cost of these kinds of assessments are usually calculated per candidate. Companies can buy tests from consultancies or other firms to use during the hiring process. This category includes any kind of candidate assessments your company pays for (tests, competitions etc.). Cost per posting may be fixed or variable, depending on whether you use a pay-per-click model. Add the number of postings per job board and the cost of each posting. Every job board should be included as well as any of your company’s paid recruiting accounts (e.g. This category includes any expense associated with posting your open position as you source candidates. There are seven main expense categories in our spreadsheet. You can add columns of budgeted amount to see how much under or over budget you are and what percentage of the overall budget was spent on each category. The spreadsheet is designed to be used for one position (which a hiring manager can look at for reference) or for all positions across the company to determine overall costs and timelines of recruiting efforts. Here’s an example showing how the costs of job boards are calculated per month: ![]() The sheet includes the most common hiring expense categories and supports calculations on a monthly and annual basis with a few basic equations. We’ve put together a simple spreadsheet that can be used as a recruiting budget template and reference (go to “file → make a copy” or “download” to save it – don’t request access since this sheet needs to remain intact for everyone to be able to copy it later). Large businesses have complicated spreadsheets with dozens of columns or use intuitive software. Try our hiring plans Is there a spreadsheet I can use?Įach company has its own way of tracking expenses. With Workable’s hiring plan, you’ll move out of the spreadsheets and into one centralized workspace, where info is always current and next steps are always clear.
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