Hiring ROI calculator
Use this calculator to estimate the ROI of your hiring process.
Want to reduce vacancy costs and improve ROI?
Hiring ROI calculator FAQs
Disclaimer: This calculator offers an illustrative estimate of hiring-related costs and potential ROI improvements. Actual figures may differ based on your company’s compensation policies, market conditions, and other variables. This tool is not a substitute for professional financial or HR advice.
What does the hiring ROI calculator measure?
It quantifies the hidden costs of an open position—lost productivity, cost per hire—and shows how faster hiring or improved retention can increase your ROI.
How is the cost of vacancy calculated?
It estimates the daily value the role brings to your business, multiplied by the number of days it remains unfilled.
Why does average tenure impact ROI?
The shorter the tenure, the more often you must pay to fill the same role, increasing your total recruitment expenses over time.
What costs are included in ‘cost per hire’?
This includes recruiter fees, job advertising, onboarding costs, and internal HR time.
Can I use this for hourly and salaried positions?
Yes. Enter either an annual salary or convert hourly pay to annual equivalent.