Calculating a recruiting budget involves considering multiple factors:
Job Advertising Costs (LinkedIn, Indeed, niche job boards)
Agency Fees (If using recruiters, typically 15-25% of the hire’s salary)
Technology Costs (Applicant Tracking Systems, HR software)
Employer Branding (Career page, social media campaigns)
Interview & Relocation Expenses (Travel, assessments, relocation packages)
A good rule of thumb is allocating 3-4 months of the role’s salary for mid-level hires and more for executive positions. Tracking cost-per-hire (CPH) helps optimise spending.
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