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COST OF ADVERTISING
The average cost of advertising in the Chicago suburbs is $310.00 for a 2 inch ad appearing three times per week.

TIME SPENT ON SCREENING AND INTERVIEWING
The average time spent is 2 hours or $47.00 per interview. The average salary for an HR person in the Chicago area is $48,900.

TIME SPENT ON CHECKING REFERENCES
This varies within different companies. It can take several phone calls before you reach the person that you need to talk to. The process is also frustrating because of the laws limiting what questions can be asked and answered.

THE AMOUNT OF PAPERWORK USED IN THE HIRING PROCESS
Technology doesn’t always reduce paperwork. Systems that utilize internet-driven programs can increase the amount of time spent on paperwork.

COST OF ADDING PERSONNEL TO PAYROLL
The cost for hiring can be several thousand dollars.

COST OF A WRONG HIRE
You may have spent several thousand dollars as well as many hours on this hire. Everything doubles when you start the process again.

TAX BURDEN FOR EACH EMPLOYEE
F.I.C.A., Futa, Suta, Workers Compensation, and General liability, as high as 23% on each dollar of payroll.

UNEMPLOYMENT COST
This varies greatly depending on each company’s rate.

WORKERS COMPENSATION COST
The cost depends on your business code. Clerical rate is .39 per $100 of payroll.

INSURANCE BENEFITS
The continually escalating cost of Health Insurance is one of your greatest expenses. An enormous amount of time can be spent managing claims and sourcing for less expensive premiums.

Sources:
Liberty Suburban Chicago Newspapers
I D E S – Illinois Department of Employment Security
Americasjobbank.com
Assurance Agency Ltd.