NEW HR PLANNING TOOL TO HELP EMPLOYERS TO REDUCE HIRING COSTS

Aasaanjobs- an online recruitment marketplace that connects entry level job seekers with employers, in a statement today said that it has launched its recruitment tool- Hiring Cost Tool.

Hiring is an expensive process. Cost per hire includes advertising fees, agency fees, employee referrals, travel expenses, relocation expenses and internal recruiter costs. Hiring cost calculator aims to help employers better understand the cost of recruitment. The calculator help employers get a better understanding of the total hiring cost and cost per hire because it is important to determine the level of investment that provides the best outcome for an organization.

Speaking about launch, Siddharth Gupta, VP, Sales & Marketing, Aasaanjobs said, ‘Hiring employees is one of the most essential part of any organization, so it is necessary to recruit candidates who are the best fit for the organization. It takes a lot of time, effort and money to recruit someone with merit. Therefore, it becomes important for the HR managers to justify their methods and expenses.’

‘The Hiring cost calculator is a tool to understand how much money one should put in to hire specific employees in the organization and therefore create and budget your HR operations in a much more data driven way. Moreover, calculating the actual recruitment cost per hire is a very complex process. We understood that this insight is an extremely important parameter for every HR, but it was a fairly complex parameter. That’s when we wanted to build a tool for everyone- a startup, an SME, or a corporate employer and to help our fellow community of HRs,’ he added.

Hiring Cost tool provides the recruiter to get basic details about their total hiring cost and cost per hire. Employers get to know the actual cost per hire and cost per interview in the market and how much they are saving by registering themselves with Aasaanjobs.