Recruitment Budget Planner
Plan and allocate your recruitment budget across channels. Track spending and optimize your cost per hire.
Budget Overview
Channel Allocation
Budget Breakdown
Budget Planning Best Practices
Track actual spend weekly
Don't wait until the end of the quarter. Monitor spending in real-time and reallocate if channels underperform.
Reserve 10-15% for testing
Set aside budget to experiment with new channels. You might discover a hidden gem.
Aim for <20% of salary
Cost per hire should be under 20% of first-year salary. Above 30% indicates inefficiency.
Factor in time costs
Your time and your team's time have a cost. Include it in your true cost per hire calculation.
Frequently Asked Questions
What should I include in my recruitment budget?
Job board fees, LinkedIn subscriptions, agency fees, referral bonuses, ATS costs, background checks, career page costs, event sponsorships, and recruiting team salaries.
How much should I budget per hire?
Industry average is $4,000-$5,000 per hire. Executive roles typically cost 20-30% of first-year salary. Budget conservatively and adjust based on actual results.
Should I allocate budget to multiple channels?
Yes! Diversify to reduce risk. If one channel dries up or gets expensive, you have alternatives. Test and learn what works for your specific roles.
How often should I review my budget allocation?
Monthly minimum, weekly if you're actively hiring. Reallocate quickly from underperforming channels to high-ROI ones.
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