Worked examples / Hiring: how many steps, and which ones
A role that 400 people apply to each month, 30% of whom could not do the job. A degree requirement screens out 60% of those, and 45% of the people who could. A capable applicant costs about $350 to find again; one who could not do the job costs about $150 to screen out at interview instead.
It costs $44,100 a month and gets back $10,800: $33,300 a month worse off.
This is a worked example with illustrative figures, not data about any real person or company. Change any of them in the calculator and the answer changes with them.
How this answer was worked out| Step 1 | costs $44,100, gets back $10,800: -$33,300 |
Every formula is written out on the formulas page.
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