Cost benefit analysis in Physician recruitment
Employment June 12th, 2008Recruitment for any job involves cost and the process of Physician Recruitment is perhaps one of the costliest enterprises in the field or recruitment. Therefore while recruiting the physician you will obviously be concerned with the cost involved in the process.
Ordinarily the process may cost you anything around $50,000 or more. And if you are looking for someone who can perform the Doctor Jobs to the perfection, the cost could be even more. There are several factors that may contribute to such high cost of recruitment. It may include several long distance calls over the phone or messages through FAX, and the cost of travel undertaken by the persons in charge of recruitment. They will be attaining job fairs and residency programs.
Sometimes you may dispense with direct mail involving postages and organize small exhibits for job fairs or campus recruitments for Physician Employment. There will however be the cost of printing and designing the reading and publicity materials for such endeavor. The cost of advertising with half page ads in any of the national medical journals could cost you around $3000 and the classified ads on print media might cost you in the range of $60 to $100 depending on the type of ad you wish to float.
Cost of traveling of the physicians that are interested for your offers and finally the relocation expenses of the physician who is finally selected by you for the Physician Jobs have to be added to your overall budget of recruitment.
