3 ms·
9,000 interviews, at €30.00 an hour, times two interviewers, is €270,000 x 2 = €540,000. If through recruitment agencies, assuming a 10%-of-first-year's-salary
by hessenwolf 16y ago
9,000 interviews, at €30.00 an hour, times two interviewers, is €270,000 x 2 = €540,000.
If through recruitment agencies, assuming a 10%-of-first-year's-salary fee and average salary of €40,000,
€40,000 x 10% x 1000 = €4,000,000
I hear that you should multiply x two the gross salary to get the annual cost of an employee.
€40,000 x 2 x 1000 = €80 million.
Assuming they are permanent staff, and the risk free rate is 3%, then an additional liability of €80,000,000/.03 = €2.7 Billion Euro is created for Google. This figure makes the previous two immaterial so I am going to forget about them.
Current market capital of Google is 144.079573 billion Euro. (and somebody should tell Google's search calculator folks that it's Euro, not Euros, as 's' does not pluralise in all languages)
2.7 divided by 144 = 1.8% of market capital (or overall current share value based on most recent market price) that this should cost them. Says nothing about what this could or could not earn them.
Just thinking out loud. I probably made a mistake somewhere.