Aasaanjobs launches 'Hiring Cost Tool' for easy recruitment

India's leading online recruitment marketplace Aasaanjobs has announced the launch of its industry-first recruitment tool 'Hiring Cost Tool'.

The innovative hiring cost calculator aims to help employers better understand the cost of recruitment. The calculator help employers get a better understanding of the total hiring cost and cost per hire because it is important to determine the level of investment that provides the best outcome for an organization.

"Hiring employees is one of the most essential part of any organization, so it is necessary to recruit candidates who are the best fit for the organization. It takes a lot of time, effort and money to recruit someone with merit. Therefore, it becomes important for the HR managers to justify their methods and expenses," said VP Sales and Marketing Aasaanjobs, Siddharth Gupta.

"The Hiring cost calculator is a tool to understand how much money one should put in to hire specific employees in the organization and therefore create and budget your HR operations in a much more data driven way. Moreover, calculating the actual recruitment cost per hire is a very complex process. We understood that this insight is an extremely important parameter for every HR, but it was a fairly complex parameter. That's when we wanted to build a tool for everyone - a startup, an SME, or a corporate employer and to help our fellow community of HR's," added Gupta.

Aasaanjobs Hiring Cost tool provides the recruiter to get basic details about their total hiring cost and cost per hire. Employers get to know the actual cost per hire and cost per interview in the market and how much they are saving by registering themselves with Aasaanjobs.

Salient features of the tool includes calculation recruitment cost per hire, which gives the complete recruitment cost control and it comes with an excellent calculation analytics, numerical functions and recruitment cost per hire by source that helps HR professionals to understand the cost per hire as per actual market cost which ultimately helps them to take efficient and effective decisions.

Aasaanjobs recently announced that it has achieved the iconic milestone of five lakh registered candidates in less than two years of existence.