The normal costs incurred when running an advertisement:
| 1) The manager has to sit down and write an effective advertisement | $27.47/hr (1 hour) |
| 2) The secretary then has to type up the ad, phone in the bookings, and send the ad into the newspaper | $19.23/hour |
| 3) The cost of the ad
(Toronto Star; 3 insertions, 2"x 3" ad) If the ad is good, it will likely draw 300-500 resumes |
$3,500.00 |
| 4) Initial screening of resumes by the secretary | $76.92 (4 hours @ $19.23) |
| 5) Managers time to review 200 resumes | $906.51 (10 min. per resume @ $27.47/hour) |
| 6) Short listing the resumes and reviewing the qualified more carefully | $178.55 (40 resumes, 10 min each @$27.47/hour) |
| Total costs thus far | $4,708.68 |
| 7) Lost production time that could have been spent on other tasks but instead was used for hiring | |
| Manager 4 days @ $27.47/hr | $2,307.84 |
| Secretary 2 days @ $19.23/hr | $807.66 |
| Total Costs | $7,824.18 |
This list does not include setting up interviews, testing, and reference checks which can all be provided by an agency. More importantly this method does not give you a guarantee that the person will show up on the first day of work, and still be there six months later.
By using an agency, our clients can cut their hiring tasks down to first and second interviews.
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| 40 Eglinton Avenue East Suite 207 Toronto Ontario M4P 3A2 Tel: (416) 488-9565 Fax: (416) 488-9601 E-mail: austin@austinpark.com | |||||
