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The latest news, trends and information to help you with your recruiting efforts.

Posted May 01, 2013 by

Cost Per Hire for College Grads is $5,134

One of the key metrics for employers large and small when hiring new employees is their cost per hire or, as some would express it, their cost of recruiting. A new survey by the National Association of Colleges and Employers (NACE) indicates that the average cost of hire for a new college graduate during the 2011-12 recruiting season was $5,134.

The study indicates that the average cost-per-hire is generally lower for larger companies. That makes sense because they can spread those costs. For example, a large company may post one ad but hire five people from it. Or they may visit three schools and hire 10 people. A small company would pay the same per ad and the same for the on-campus school visits but only hire one person. Economies of scale give that larger employer an advantage when it comes to their costs per hire.

The costs per hire by employer size was: (more…)

Posted February 14, 2012 by

Looking for a New Job? Small Firms Hire More After Recessions.

The conventional wisdom has been that small organizations create most of the jobs in this country yet there’s been little reliable data to substantiate that. Until now.

The U.S. Bureau of Labor Statistics just released a comprehensive study showing that since 1990, firms with 500 or more employees have accounted for more than 40 percent of total private employment and that the percentage of private employment accounted for by each size class has remained quite stable over time. Yet during post-recession times like we’re currently in, job seekers should look first to small organizations with one to 49 employees as they have led larger firms at cyclical turning points. In other words, small organizations hire more coming out of a recession but also lay off more going into a recession. (more…)