Human Resources

This Week's Tip

There are no absolute guidelines, but the experience of others is a good indication of  the amount you should expect to pay to advertise a position and recruit a person to fill the position.  The cost of hiring a new employee should fall somewhere between 8 and 15 percent of the employee's first year's salary. If you use a search firm or work in a high-technology field, it's more likely the cost will be in the 25 to 30 percent range.