Campus Recruitment Cost Analysis: A Roadmap for HR Managers

Recruitment of proper human resource is a challenge for many organizations. In order to properly conduct the resources, HR managers need to consider many parameters. The recruitment process get complex when mass recruitment is conducted. Generally, this happens for the fresher candidates, and for that, the recruitment team needs to travel throughout the country and it is a costly affair. HR managers want to reduce this cost and try to recruit more number of quality resources as per the requirement. No standardized method is there for the HR managers to optimize the cost. In this research work, different cost parameters (both tangible and intangible) associated with the recruitment are identified, and a cost matrix is proposed to guide the HR managers. A case study is also presented based on the proposed methodology.