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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
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Copyright 1992, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
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Publication:Journal of Accountancy
Article Type:Illustration
Date:Nov 1, 1992
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