Key Steps to Measuring ROI
Identify the costs of your talent acquisition strategy
Before calculating ROI, it is essential to have a clear understanding of the costs involved in your recruitment strategy. These include
Direct costs :
Job advertisement expenses, recruitment agency fees, recruiter salaries, recruitment tools, tests, and interviews.
Indirect costs :
Time spent by managers interviewing candidates, onboarding and training new employees, and technological tools used to automate certain processes.