Printer Friendly

Recruiting costs scrutinized.

With employers experiencing a 90% or better ratio of acceptance to job offers in today's soft market, recruiting expenses are falling under the cost-containment knife.

A nationwide survey of 184 companies of all sizes found over 60% have started to negotiate employment agency fees, while over 30% have eliminated the use of agencies altogether in favor of newspaper advertising and in-house employee referral programs.

Here's an example of the effect of containing professional recruiters' fees:

Average cost-per-hire..
 Companies using employment
agencies but have not sought
to negotiate fees.........$7,299
 Companies using employment
agencies but have negotiated
fee arrangements..........$4,940
 Companies that have eliminated
the use of employement agencies..........$2,382
COPYRIGHT 1992 American Institute of CPA's
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Journal of Accountancy
Article Type:Illustration
Date:Nov 1, 1992
Previous Article:FASB 110: fair value reporting for investment contracts.
Next Article:What the Treadway Commission's Internal Control Study means to you.

Related Articles
Interest on federal tax deficiencies and overpayments revisited.
Are you ready for the new accounting?
Treasury Functions.
Going for growth: tech seems to be recovering. "Old economy" companies are poised for big gains, too.
Winding through the woods: to celebrate the cultures of the aboriginal peoples of Quebec and the natural landscapes in which they evolved, this...
Q & A with Mack Brown, U. of Texas.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters