Your recruitment efforts resulted in the generation of 100 resumes from the local universities, 175 resumes from the specialty universities, 50 from print newspaper ads, 420 from online postings, and 20 from Manpower. These are the number of applicants from each recruitment source. Of these, 30 local and 50 specialty university applicants were called for interviews, as were 10 of the print newspaper ad applicants, 42 of the online posting applicants, and 10 of the Manpower applicants. After onsite interviews were conducted, job offers were extended to, and accepted by, 18 of the local university applicants, 25 of the specialty university applicants, 6 of the print newspaper ad applicants, 12 of the online posting applicants, and 5 of the Manpower applicants. The total cost of recruitment at the local universities was $10000, $19000 for the specialty universities, $5000 for the print newspaper ads, $3000 for the online job board postings, and $24000 for Manpower.
1) List the cumulative yield ratios for each recruiting source. Assume all qualified applicants were interviewed. Round to the nearest whole percent (e.g., 16.8% would become 17%, and 33.2% would become 33%).
2) List the cost-per-hire for each recruitment source. Round to the nearest whole dollar (i.e., don't display cents).
3) Which recruitment source generated new employees at the lowest cost-per-hire?
4) How would you recruit in the future if you were in charge of hiring?