FASTCOLLAB WHAT CONSTITUTES RECRUITMENT BUDGET
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There are various heads to be considered while devising a recruitment budget. A generic list of cost categories which are to be tabled under recruitment budget is given below. However, it is to be noted that the budgeting of costs varies from company to company.
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Advertising Costs : The amount of money to be spent on advertising throughout the budget period needs to be taken in consideration. Major advertising channels on which money is spent are
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Online Services : Present workforce is online savvy and look for opportunities through online job portals. To be able to post job openings in job sites such as Naukri,Monster,Times Jobs,SimplyHired,Indeed,Shine, a subscription amount is to be paid to the portals. Either premium or classified job postings can be bought, depending on which the price will vary.
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Radio: If openings in your company have a large and wide target base, radio services are apt for the advertising. The rates are quoted on per second basis.
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Print: Print advertising includes publishing ads in newspapers, industry specific publications, pamphlets etc.
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Television: The charges are quoted on per second basis. The quotes may vary for peak traffic hours.
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Job Fairs: A job fair is where a large number of job applicants and employers meet. Setting up a desk in a job expo would require some investment.
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