  {"id":5273,"date":"2022-09-10T01:41:28","date_gmt":"2022-09-09T15:41:28","guid":{"rendered":"https:\/\/employmenthero.com\/my\/blog\/cost-benefit-analysis-of-hiring\/"},"modified":"2025-07-03T04:52:46","modified_gmt":"2025-07-03T04:52:46","slug":"cost-benefit-analysis-of-hiring","status":"publish","type":"post","link":"https:\/\/employmenthero.com\/my\/blog\/cost-benefit-analysis-of-hiring\/","title":{"rendered":"How to perform a cost-benefit analysis of hiring"},"content":{"rendered":"\n<div class=\"wp-block-group alignfull blog-template-header has-neutral-100-background-color has-background has-global-padding is-layout-constrained wp-block-group-is-layout-constrained\" style=\"padding-bottom:var(--wp--preset--spacing--16)\">\n<div class=\"wp-block-group has-global-padding is-layout-constrained wp-block-group-is-layout-constrained\"><div style=\"--bb--crumb-gap:.4em;\" class=\"blog-template-breadcrumb wp-block-employmentherocom2025-breadcrumb-block\"><nav role=\"navigation\" 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5.77648C6.15544 6.50283 5.83739 7.40411 5.83355 8.33398C5.83355 9.43905 6.27253 10.4989 7.05394 11.2803C7.83534 12.0617 8.89514 12.5007 10.0002 12.5007C11.1053 12.5007 12.1651 12.0617 12.9465 11.2803C13.7279 10.4989 14.1669 9.43905 14.1669 8.33398C14.1629 7.40674 13.8468 6.50785 13.2694 5.78232C15.2033 6.78886 16.8752 8.23337 18.1519 10.0007C17.201 11.3015 14.1277 15.0007 10.0002 15.0007Z\" fill=\"currentColor\"\/> <\/g> <defs> <clipPath id=\"clip0_5893_17419\"> <rect width=\"20\" height=\"20\" fill=\"white\"\/> <\/clipPath> <\/defs> <\/svg><\/span>Blog<\/a><\/div>\n<\/div>\n\n\n<ul style=\"display: flex; gap: var(--wp--preset--spacing--2); padding-left: 0; flex-wrap: wrap;\"><li style=\"background-color: #e8e7e8;padding: var(--wp--preset--spacing--0-5) var(--wp--preset--spacing--3);border-radius: var(--wp--preset--spacing--8);margin: 0;display: inline-flex;align-self: center;\">\n                <span class=\"has-sm-font-size\" >\n                    <a href=\"https:\/\/employmenthero.com\/my\/resources\/hiring-onboarding\" title=\"Hiring &amp; Onboarding\" style=\"font-weight: 500;\">Hiring &amp; Onboarding<\/a>\n                <\/span>\n                <\/li><\/ul><\/div>\n\n\n\n<div class=\"wp-block-group blog-template-social-desktop is-vertical is-layout-flex wp-container-core-group-is-layout-3 wp-block-group-is-layout-flex\">\n<div class=\"wp-block-group is-nowrap is-layout-flex wp-container-core-group-is-layout-2 wp-block-group-is-layout-flex\" style=\"margin-top:var(--wp--preset--spacing--2);margin-bottom:var(--wp--preset--spacing--2)\"><div \n    class=\"eh-social-sharing-button wp-block-employmentherocom2025-eh-social-sharing-button\" data-icon=\"facebook\" data-social-type=\"facebook\">\n    <span style=\"display: flex;\">\n        <svg class=\"icon\" width=\"24px\" height=\"24px\" viewBox=\"0 0 20 20\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\"> 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<\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-group has-global-padding is-content-justification-left is-layout-constrained wp-container-core-group-is-layout-5 wp-block-group-is-layout-constrained\"><h1 class=\"blog-template-title wp-block-post-title\">How to perform a cost-benefit analysis of hiring<\/h1><\/div>\n\n\n\n<p class=\"blog-template-sub-title\" style=\"padding-top:var(--wp--preset--spacing--9);padding-bottom:var(--wp--preset--spacing--9);line-height:1.5\">\n    Deciding when to hire and how to build a business case for further recruitment\n<\/p>\n\n\n\n<div class=\"wp-block-group blog-template-meta-row is-layout-flex wp-container-core-group-is-layout-8 wp-block-group-is-layout-flex\">\n<div class=\"wp-block-query wp-block-hosts-query has-global-padding is-content-justification-left is-layout-constrained wp-container-core-query-is-layout-1 wp-block-query-is-layout-constrained\"><ul data-wp-interactive=\"eh-hosts\" class=\"wp-block-post-template is-layout-flow wp-container-core-post-template-is-layout-1 wp-block-post-template-is-layout-flow\"><li data-host-index=\"0\" data-wp-on--click=\"actions.openDetail\" class=\"wp-block-post post-22634 hosts type-hosts status-publish has-post-thumbnail hentry\">\n\n<div class=\"wp-block-group is-nowrap is-layout-flex wp-container-core-group-is-layout-7 wp-block-group-is-layout-flex\"><figure style=\"width:52px;height:52px;\" class=\"wp-block-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"120\" height=\"120\" src=\"https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2021\/07\/EH_Favicon-120x120.png\" class=\"attachment-host_thumbnail size-host_thumbnail wp-post-image\" alt=\"\" style=\"border-radius:60px;height:52px;object-fit:cover;\" srcset=\"https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2021\/07\/EH_Favicon-120x120.png 120w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2021\/07\/EH_Favicon-150x150.png 150w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2021\/07\/EH_Favicon-54x54.png 54w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2021\/07\/EH_Favicon-108x108.png 108w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2021\/07\/EH_Favicon-200x200.png 200w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2021\/07\/EH_Favicon-216x216.png 216w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2021\/07\/EH_Favicon-112x112.png 112w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2021\/07\/EH_Favicon-224x224.png 224w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2021\/07\/EH_Favicon-142x142.png 142w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2021\/07\/EH_Favicon.png 239w\" sizes=\"auto, (max-width: 120px) 100vw, 120px\" \/><\/figure>\n\n\n<div class=\"wp-block-group has-sm-font-size is-vertical is-content-justification-center is-layout-flex wp-container-core-group-is-layout-6 wp-block-group-is-layout-flex\"><h6 style=\"line-height:1.3; border-right-width:1px;border-right-color:var(--wp--preset--color--black); padding-right:var(--wp--preset--spacing--2);\" class=\"has-text-align-center has-link-color wp-elements-1e20e747939e3458765ab321928f59b7 wp-block-post-title has-text-color has-violet-500-color has-sm-font-size\">The Team<\/h6><\/div>\n<\/div>\n\n<\/li><\/ul><\/div>\n\n\n\n<p class=\"has-text-align-center has-sm-font-size\" style=\"border-left-style:none;border-left-width:0px;padding-left:0\">Published<\/p>\n\n\n<div class=\"wp-block-post-date has-sm-font-size\"><time datetime=\"2022-09-10T01:41:28+00:00\">Sep 10, 2022<\/time><\/div>\n\n\n<p class=\"has-text-align-center has-sm-font-size\" style=\"border-left-color:var(--wp--preset--color--neutral-700);border-left-width:1px;padding-left:var(--wp--preset--spacing--2)\">Updated<\/p>\n\n\n<div class=\"wp-block-post-date__modified-date wp-block-post-date has-sm-font-size\"><time datetime=\"2025-07-03T04:52:46+00:00\">Jul 3, 2025<\/time><\/div>\n\n\n<p class=\"has-sm-font-size\" style=\"border-left-color:var(--wp--preset--color--neutral-700);border-left-width:1px;padding-left:var(--wp--preset--spacing--2)\">11 mins read<\/p>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-group alignfull blog-image-container has-global-padding is-layout-constrained wp-block-group-is-layout-constrained\">\n<figure class=\"wp-block-image aligncenter size-large is-resized blog-template-image\"><img decoding=\"async\" src=\"https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/3\/2022\/09\/cost-benefit-analysis-of-hiring.png\" alt=\"Image\" style=\"object-fit:cover;width:864px;height:561px\"\/><\/figure>\n<\/div>\n\n\n\n<div style=\"height:66px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-group has-global-padding is-layout-constrained wp-container-core-group-is-layout-16 wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group has-global-padding is-layout-constrained wp-container-core-group-is-layout-15 wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group has-global-padding is-layout-constrained wp-container-core-group-is-layout-14 wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-1 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" id=\"content-wrapper\">\n<div class=\"content-single-table-content\"><\/div>\n\n\n\n<div class=\"wp-block-group content_single content_single--blog content-single-content-wysiwyg wysiwyg content-wrapper has-global-padding is-layout-constrained wp-block-group-is-layout-constrained\" style=\"margin-bottom:var(--wp--preset--spacing--4)\">\nNeed to increase headcount but struggling to get the green light from your senior decision makers?\n\nHiring new staff comes at a cost for any business, which is why senior decision makers and leadership will want to see the business case showing that hiring new employees will be beneficial (and profitable).\n\nAnd yet we understand that this is a difficult process, especially if you\u2019re a small business. It\u2019s a challenge to deliver on performance when you\u2019re understaffed, and the problem is made all the worse if there\u2019s not enough budget, a low-key freeze on recruitment, or it doesn\u2019t fit into existing <a href=\"https:\/\/employmenthero.com\/my\/blog\/headcount-planning\/\">headcount planning<\/a> which has already been signed off.\n\nAs a leader, it can be hard to know when the right time to start hiring employees is. How do you identify the teams that require additional resources when you have limited budget allowances? Hiring is an expensive process, and as inflation continues to rise, not many businesses can afford it \u2013 let alone absorb the costs of a <a href=\"https:\/\/employmenthero.com\/my\/blog\/right-person-to-hire\/\">bad hire<\/a>.\n\nThat\u2019s where a cost-benefit analysis might come in handy. This is a process, or a formula, you can use to build your business case and get the all important sign off to add employees to your payroll.\n\nIt can also help you get clear on what level to recruit at, and what role you want to fill. A cost-benefit analysis weighs up the benefits a new hire can bring to the company and considers this against the costs, framing it in a way that makes it easy for your leadership team to understand and make the best decision for the business.\n\nFor senior decision makers, a cost-benefit analysis can help you decide which business areas or hires to prioritise.<a href=\"https:\/\/employmenthero.com\/my\/create-account-hiring-essentials\/\"><img loading=\"lazy\" decoding=\"async\" alt=\"Create a free Hiring Essentials account\" class=\"alignnone wp-image-12938 size-large\" height=\"714\" src=\"https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/3\/2022\/06\/Hiring-Essentails-CTA-SEA-1024x714.png\" width=\"1024\" srcset=\"https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2022\/06\/Hiring-Essentails-CTA-SEA-1024x714.png 1024w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2022\/06\/Hiring-Essentails-CTA-SEA-300x209.png 300w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2022\/06\/Hiring-Essentails-CTA-SEA-768x536.png 768w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2022\/06\/Hiring-Essentails-CTA-SEA-440x307.png 440w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2022\/06\/Hiring-Essentails-CTA-SEA.png 1376w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a>\n<h2 id=\"what-is-a-cost-benefit-analysis-in-hr\">What is a cost-benefit analysis in HR?<\/h2>\nA cost-benefit analysis is a process that businesses can use to analyse decisions on a financial basis, to determine which decisions to take forward and which to reject.\n\nWhen it comes to HR and hiring, a cost-benefit analysis looks at recruitment from a cost perspective, and it can be used to feed into the overall business case for making new hires or establishing a new programme such as an apprenticeship or <a href=\"https:\/\/employmenthero.com\/my\/blog\/graduate-recruitment-strategy\/\">graduate scheme<\/a>.\n\nEffectively, you\u2019re looking to calculate the total cost of the investment to compare against the predicted return.\n\nBut be warned \u2013 this isn\u2019t as easy as it sounds. Costs and benefits can be direct and indirect, tangible and intangible, meaning they can be very hard to quantify. But where you can, it\u2019s well worth including in your cost-benefit analysis.\n<h4 id=\"hiring-costs-to-consider\">Hiring costs to consider<\/h4>\nHiring doesn\u2019t come cheap. There are a number of direct and indirect costs which must be taken into consideration, not to mention intangible costs. These costs can include:\n<ol>\n<li>Recruiting costs e.g. advertising and agency fees<\/li>\n<li>Training costs of a new hire, including lost production time during training, and hours invested by team members<\/li>\n<li>Wages, including benefits such as health insurance, and pensions<\/li>\n<li>Overhead costs, including office space, equipment, technology and subscriptions<\/li>\n<li>Any other unexpected costs<\/li>\n<\/ol>\n\u00a0\n<h4 id=\"tangible-vs-intangible-benefits-examples\">Tangible vs intangible benefits examples<\/h4>\n<h4 id=\"hiring-benefits-to-consider\">Hiring benefits to consider<\/h4>\nWhen it comes to benefits, remember that there may be tangible and intangible benefits. While this is complex when it comes to roles and personnel, the better you can quantify in terms of a monetary value, the clearer the cost-benefit analysis will be.\n\nBenefits might look like:\n<ul>\n<li>Income generation<\/li>\n<li>Increased productivity and efficiency leading to increased revenue<\/li>\n<li>The benefits associated with easing team workload, such as reduced staff turnover, reduced absenteeism, reduced stress, improved engagement and culture<\/li>\n<li>Improved customer satisfaction \/ reduced churn<\/li>\n<li>Improved team culture<\/li>\n<li>Capacity to grow the team and company<\/li>\n<li>Reduced freelancer costs<\/li>\n<li>Reduced overtime costs<\/li>\n<li>Improved <a href=\"https:\/\/employmenthero.com\/my\/blog\/employer-branding\/\">employer brand<\/a> and attracting talent<\/li>\n<li>Increased share price<\/li>\n<\/ul>\nAnother way to consider the benefits of hiring staff is to look at the flipside \u2013 the drawbacks of <em>not <\/em>hiring more staff. These can be considerable, and might even swing a decision from senior management.\n\nExamples might include:\n<ul>\n<li>Unfinished or overrunning projects<\/li>\n<li>Reduced work quality<\/li>\n<li>Loss of revenue<\/li>\n<li>Customer complaints<\/li>\n<li>Legal claims against the business<\/li>\n<li>Negative PR<\/li>\n<li>Overworked staff, potentially leading to increased rate of injury<\/li>\n<li>Staff absenteeism<\/li>\n<li>Higher levels of burnout<\/li>\n<li>Low staff morale<\/li>\n<\/ul>\nWhere you can quantify the costs, or missed opportunities, such as through customer satisfaction surveys, complaints, employee satisfaction or <a href=\"https:\/\/employmenthero.com\/my\/solutions\/employee-engagement-software\/#happy\">happiness survey results<\/a>, this can feed into your cost-benefit analysis.\n\n<h2 id=\"why-should-you-conduct-a-cost-benefit-analysis\">Why should you conduct a cost-benefit analysis?<\/h2>\n<img loading=\"lazy\" decoding=\"async\" alt=\"Screen showing graphs and analysis\" class=\"alignnone size-full wp-image-5275\" height=\"1842\" src=\"https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/5\/2022\/09\/Why-should-you-conduct-a-cost-benefit-analysis-scaled.jpg\" width=\"2560\"\/>\n\nConducting cost-benefit analyses can aid swift decisions when it comes to hiring. Presenting a considered analysis of costs and benefits, framing decisions in terms of monetary value, makes it easier to demonstrate the business case for additional personnel, or what return on investment a new role or program could bring.\n\nIt can also be used to compare other choices, such as whether a different hire might be a better investment, or it could help prove the case for further team training, wellbeing programmes, or employee engagement efforts. Or, getting even more strategic, a cost-benefit analysis might reveal how a new <a href=\"https:\/\/employmenthero.com\/my\/solutions\/recruitment-software\/\">HR system<\/a> (for example) might give you an even <a href=\"https:\/\/employmenthero.com\/my\/resources\/measuring-roi-of-employment-hero\/\">better return on investment<\/a>.\n\nYou might also use a cost-benefit analysis to help decide whether to launch a graduate program, apprenticeship scheme, an internship, or to take on a freelancer, full time or part time new employee.\n\nWhen it comes to HR, a cost-benefit analysis can be useful whenever there is a question about what course of action would be best to take.\n<h2 id=\"what-are-the-types-of-cost-benefit-analysis\">What are the types of cost-benefit analysis?<\/h2>\nThere are different ways to conduct a cost-benefit analysis, and the technique you use will depend on what objective you\u2019re trying to meet in bringing in your hire, and how you\u2019ll measure whether the costs outweigh the benefit.\n\nA very familiar term when analysing costs is \u2018return on investment.\u2019 Return on investment (ROI) is a calculation which is based on tangible numbers such as sales or revenue, conversions, and, of course, the new employee\u2019s salary.\n\nHowever, a cost-benefit analysis can also be more complex, allowing you to balance intangible considerations and provide you a wider context to use when making decisions.\n\nSo let\u2019s take a look at three of the most common types of cost-benefit analysis.\n\n<strong>1. Payback period<\/strong>\n\nPayback period is one of the most popular types of cost-benefit analysis because it gives a very clear and easy to understand output. The formal definition of a payback period is the number of years required to recover the original cash investment. Usually this is calculated for capital investments such as machines or equipment, but it can also be useful to calculate the payback period of a senior hire, or investment in a specific team or business strategy via a new hire or program. You\u2019re looking for how long it will take for that strategic hire to produce sufficient revenue to justify or recover the investment costs.\n\n<strong>2. Net present value<\/strong>\n<a href=\"https:\/\/www.investopedia.com\/terms\/n\/npv.asp#\">Net present value (NPV)<\/a> is the difference between the present value of cash inflows and the present value of cash outflows over a period of time. NPV is used in capital budgeting and investment planning to analyse the profitability of a projected investment or project, which could be a very useful number to present to senior management when you\u2019re looking to justify a new hire.\n\n<strong>3. Rate of return<\/strong>\n<a href=\"https:\/\/www.investopedia.com\/terms\/r\/rateofreturn.asp#\">A rate of return (RoR)<\/a> is the net gain or loss of an investment over a specified time period, expressed as a percentage of the investment&#8217;s initial cost. Unlike ROI which is a simple percentage, the rate of return is framed by time, linking your return to a specific timeframe. This might be particularly useful if you\u2019re considering a time-limited role or program, such as a six-month internship.\n<h2 id=\"six-steps-in-the-cost-benefit-analysis-process\">Six steps in the cost-benefit analysis process<\/h2>\n<strong>1. Identify the relevant company objectives (<a href=\"https:\/\/employmenthero.com\/my\/resources\/okrs-guide\/\">OKRs<\/a>)<\/strong>\n\nThe first step is to look at what objective or key result you\u2019re trying to meet. For example, it could be about increasing revenue, and you have a specific key result to increase conversions by 10% to increase revenue. Being clear about the objective and key result will help you stay focused when analysing the relevancy or weight of the costs and benefits associated with the hire.\n\n<strong>2. Audit workload<\/strong>\n\nThe next stage is to audit your current workload to understand how much work is being done in your team, how much time is being spent on specific tasks, and where the bottlenecks or opportunities lie. This will also indicate if your team is overstretched and can show where a new hire could help \u2013 but remember the gaps might not always be where you think they are. Will you need two junior team members to assist with administrative tasks, or will you require a member of leadership to help push your business strategy forward.\n\n<strong>3. Define requirements (by role or by team)<\/strong>\n\nOnce you\u2019ve gathered information on team needs, you can start to build the role. This stage presents you with an opportunity to creatively address the issue by reallocating existing resources and responsibilities before you start to define new ones. This is important because this is where you&#8217;ll start to get an idea of a budget for the role \u2013 you\u2019ll use this later to analyse the costs and benefits.\n\n<strong>4. Weigh up costs and benefits\u00a0<\/strong>\n\nThen it\u2019s time to quantify the indirect and direct costs and benefits \u2013 see above for our guidance, or develop your own specific to your business. Each cost and benefit needs to be assigned a monetary value so that you can input it into your calculation.\n\n<strong>5. Consider alternatives\u00a0<\/strong>\n\nWhile you\u2019re looking at costs and benefits of a specific course of action, it\u2019s worth going back to first principles and considering whether there is another way to achieve your objective and key result. You might be considering a graduate scheme, but could you achieve your goals with a more strategic hire first, to guide a graduate scheme at a later point in time? This is the time to look at all your options before you\u2019re committed (or overly attached) to any specific decision.\n\n<strong>6. Use results to build a business case<\/strong>\n\nOnce you\u2019ve considered all your options, perform cost benefit analysis to decide on your preferred course of action. Then all that\u2019s left to do is build the business case for your request \u2013 whether that\u2019s <a href=\"https:\/\/employmenthero.com\/my\/blog\/talent-sourcing-strategies\/\">sourcing new talent<\/a> or establishing a <a href=\"https:\/\/employmenthero.com\/my\/resources\/graduate-program-guide\/\">whole new graduate programme<\/a>.\n<h2 id=\"using-the-results-of-cost-benefit-analysis-to-make-an-informed-decision\">Using the results of cost-benefit analysis to make an informed decision<\/h2>\nOf course, the cost-benefit analysis is only part of your strategy when making an informed decision. You might also take into account anecdotal evidence that comes up through regular <a href=\"https:\/\/employmenthero.com\/my\/resources\/running-effective-11s-bundle\/\">1:1 meetings<\/a> with your team. The wider context can be considered in a business case which can help convince senior leadership to sign off your request.\n\nMapping out tasks and activities that your team regularly carry out is a significant part of the decision making process. Having a good understanding of the workload and the time required helps clarify exactly what is needed, and also guides the seniority level required.\n\nOf course, this also helps you understand the budget requirements too. As an alternative, you might start with a budget in mind in order to identify how many roles you have the capacity for in your business.\n\nWhether your team is struggling to deliver on workloads or lacks strategic direction to grow with the business, mapping tasks and budgets can help build the business case for a new role or even a new team or department.\n\nWhen making an informed decision, use the findings of the cost-benefit analysis and business case to think about:\n<ul>\n<li>How many people you want to hire<\/li>\n<li>What you want them to do<\/li>\n<li>What experience or skill set they need to have<\/li>\n<li>What level of responsibility they will have<\/li>\n<li>What their main responsibilities will be<\/li>\n<li>What the salary (bands) will be<\/li>\n<li>Where they will fit in the company objectives<\/li>\n<li>How else these objectives could be met<\/li>\n<\/ul>\n<h2 id=\"the-wrap-up\">The wrap up<\/h2>\nFiguring out what you need in terms of resources and budget is perhaps the most important part of building the business case, and will also shape the cost-benefit analysis. Whether you\u2019re conducting a cost benefit analysis of hiring an employee or considering other strategic ways to grow your business, assigning monetary values to calculate whether the benefits outweigh the costs is a powerful tool for your hiring toolbox.\n\nAnd of course, when you come to advertise for the role, you\u2019ll have a very clear understanding of who you\u2019re looking for and how they\u2019ll fit into the team. When senior management sign off the budget request for the new role, good news \u2013 you\u2019ll be ready to create your job ad and start recruiting right away.\n\n<em>Thinking about hiring?<\/em>\n<a href=\"https:\/\/employmenthero.com\/my\/resources\/recruitment-process-guide\/\">Get our comprehensive, no nonsense guide to recruitment<\/a>.\n<\/div>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-2 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\" data-trigger-modal=\"request-a-demo-modal\"><a class=\"wp-block-button__link wp-element-button\">Learn more<\/a><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:300px\">\n<div class=\"wp-block-group right-sticky-side-panel has-global-padding is-layout-constrained wp-block-group-is-layout-constrained wp-container-2 is-position-sticky\">\n    <div class=\"top-sticky-form 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you for booking!&quot;}\"><\/div>\n                                            <\/div>\n                <\/div>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-group alignfull has-global-padding is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group has-global-padding is-layout-constrained wp-block-group-is-layout-constrained\" style=\"padding-top:var(--wp--preset--spacing--20);padding-bottom:var(--wp--preset--spacing--20)\">\n<div class=\"wp-block-group is-content-justification-space-between is-layout-flex wp-container-core-group-is-layout-17 wp-block-group-is-layout-flex\" style=\"margin-bottom:var(--wp--preset--spacing--10)\">\n<h3 class=\"wp-block-heading\">Related Resources<\/h3>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-link-arrow is-style-link-arrow--3\"><a class=\"wp-block-button__link has-btn-brand-background-color has-background wp-element-button\" href=\"\/resources\/?topic%5B0%5D%5B0%5D=Product\">View all<\/a><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-query blog-3-col-query-loop is-layout-flow wp-block-query-is-layout-flow\"><ul class=\"columns-3 alignfull wp-block-post-template is-layout-grid wp-container-core-post-template-is-layout-2 wp-block-post-template-is-layout-grid\"><li class=\"wp-block-post post-27027 post type-post status-publish format-standard has-post-thumbnail hentry category-uncategorized resource-type-blog\">\n\n<div class=\"wp-block-group has-border-color has-neutral-100-border-color has-white-background-color has-background is-vertical is-layout-flex wp-container-core-group-is-layout-20 wp-block-group-is-layout-flex\" style=\"border-width:1px;min-height:100%\"><figure style=\"aspect-ratio:16\/9;width:100%;height:100%; padding-bottom:0;padding-top:0;margin-bottom:0;\" class=\"wp-block-post-featured-image\"><a href=\"https:\/\/employmenthero.com\/my\/blog\/product-update-january-2026\/\" target=\"_self\"  style=\"height:100%\"><img loading=\"lazy\" decoding=\"async\" width=\"1152\" height=\"760\" src=\"https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2026\/02\/Product-Update-January-2026-thumbnail.webp\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Product Update: January 2026\" style=\"width:100%;height:100%;object-fit:cover;\" srcset=\"https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2026\/02\/Product-Update-January-2026-thumbnail.webp 1152w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2026\/02\/Product-Update-January-2026-thumbnail-300x198.webp 300w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2026\/02\/Product-Update-January-2026-thumbnail-1024x676.webp 1024w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2026\/02\/Product-Update-January-2026-thumbnail-768x507.webp 768w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2026\/02\/Product-Update-January-2026-thumbnail-576x380.webp 576w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2026\/02\/Product-Update-January-2026-thumbnail-440x290.webp 440w\" sizes=\"auto, (max-width: 1152px) 100vw, 1152px\" \/><\/a><\/figure>\n\n\n<div class=\"wp-block-group blog-3-col-details wp-container-content-3 is-vertical is-content-justification-left is-nowrap is-layout-flex wp-container-core-group-is-layout-19 wp-block-group-is-layout-flex\" style=\"margin-top:0;padding-top:var(--wp--preset--spacing--10);padding-right:var(--wp--preset--spacing--10);padding-bottom:var(--wp--preset--spacing--10);padding-left:var(--wp--preset--spacing--10)\">\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-18 wp-block-group-is-layout-flex\"><div style=\"font-style:normal;font-weight:600\" class=\"taxonomy-resource-type eh-resource-type wp-block-post-terms\"><img decoding=\"async\" class=\"wp-block-post-terms-icon\" width=\"20\" height=\"20\" alt=\"icon-blog\" loading=\"lazy\" src=\"https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2023\/02\/ManagedHR-1-1.png\"><a href=\"https:\/\/employmenthero.com\/my\/resources\/blog\/\" rel=\"tag\">Blogs<\/a><\/div>\n\n<h3 class=\"wp-block-post-title\"><a href=\"https:\/\/employmenthero.com\/my\/blog\/product-update-january-2026\/\" target=\"_self\" >Product Update: January 2026<\/a><\/h3>\n\n<div class=\"wp-block-post-excerpt has-text-color has-contrast-2-color has-small-font-size wp-container-content-2\"><p class=\"wp-block-post-excerpt__excerpt\">Welcome to the January 2026 product update from the 91±¬ΑΟ team. We\u2019ve got lots to share around Custom Forms,&hellip; <\/p><\/div><\/div>\n\n\n<a style=\"font-style:normal;font-weight:600;\" class=\"wp-elements-9dfcbcb7662772ecb2d671e8976a6c51 wp-block-read-more has-text-color has-violet-500-color\" href=\"https:\/\/employmenthero.com\/my\/blog\/product-update-january-2026\/\" target=\"_self\">Read more<span class=\"screen-reader-text\">: Product Update: January 2026<\/span><\/a><\/div>\n<\/div>\n<a href=\"https:\/\/employmenthero.com\/my\/blog\/product-update-january-2026\/\" target=\"_self\" class=\"group-block-link\"><\/a>\n<\/li><li class=\"wp-block-post post-26921 post type-post status-publish format-standard has-post-thumbnail hentry category-uncategorized tag-2025-product-update resource-type-blog topic-product\">\n\n<div class=\"wp-block-group has-border-color has-neutral-100-border-color has-white-background-color has-background is-vertical is-layout-flex wp-container-core-group-is-layout-23 wp-block-group-is-layout-flex\" style=\"border-width:1px;min-height:100%\"><figure style=\"aspect-ratio:16\/9;width:100%;height:100%; padding-bottom:0;padding-top:0;margin-bottom:0;\" class=\"wp-block-post-featured-image\"><a href=\"https:\/\/employmenthero.com\/my\/blog\/product-update-december-2025\/\" target=\"_self\"  style=\"height:100%\"><img loading=\"lazy\" decoding=\"async\" width=\"1152\" height=\"760\" src=\"https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2026\/01\/December-2025-Product-Update-Thumbnail.webp\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Product Update: December 2025\" style=\"width:100%;height:100%;object-fit:cover;\" srcset=\"https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2026\/01\/December-2025-Product-Update-Thumbnail.webp 1152w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2026\/01\/December-2025-Product-Update-Thumbnail-300x198.webp 300w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2026\/01\/December-2025-Product-Update-Thumbnail-1024x676.webp 1024w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2026\/01\/December-2025-Product-Update-Thumbnail-768x507.webp 768w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2026\/01\/December-2025-Product-Update-Thumbnail-576x380.webp 576w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2026\/01\/December-2025-Product-Update-Thumbnail-440x290.webp 440w\" sizes=\"auto, (max-width: 1152px) 100vw, 1152px\" \/><\/a><\/figure>\n\n\n<div class=\"wp-block-group blog-3-col-details wp-container-content-6 is-vertical is-content-justification-left is-nowrap is-layout-flex wp-container-core-group-is-layout-22 wp-block-group-is-layout-flex\" style=\"margin-top:0;padding-top:var(--wp--preset--spacing--10);padding-right:var(--wp--preset--spacing--10);padding-bottom:var(--wp--preset--spacing--10);padding-left:var(--wp--preset--spacing--10)\">\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-21 wp-block-group-is-layout-flex\"><div style=\"font-style:normal;font-weight:600\" class=\"taxonomy-resource-type eh-resource-type wp-block-post-terms\"><img decoding=\"async\" class=\"wp-block-post-terms-icon\" width=\"20\" height=\"20\" alt=\"icon-blog\" loading=\"lazy\" src=\"https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2023\/02\/ManagedHR-1-1.png\"><a href=\"https:\/\/employmenthero.com\/my\/resources\/blog\/\" rel=\"tag\">Blogs<\/a><\/div>\n\n<h3 class=\"wp-block-post-title\"><a href=\"https:\/\/employmenthero.com\/my\/blog\/product-update-december-2025\/\" target=\"_self\" >Product Update: December 2025<\/a><\/h3>\n\n<div class=\"wp-block-post-excerpt has-text-color has-contrast-2-color has-small-font-size wp-container-content-5\"><p class=\"wp-block-post-excerpt__excerpt\">Welcome to the December 2025 product update from the 91±¬ΑΟ team. We\u2019ve got lots to share around Custom Forms,&hellip; <\/p><\/div><\/div>\n\n\n<a style=\"font-style:normal;font-weight:600;\" class=\"wp-elements-9dfcbcb7662772ecb2d671e8976a6c51 wp-block-read-more has-text-color has-violet-500-color\" href=\"https:\/\/employmenthero.com\/my\/blog\/product-update-december-2025\/\" target=\"_self\">Read more<span class=\"screen-reader-text\">: Product Update: December 2025<\/span><\/a><\/div>\n<\/div>\n<a href=\"https:\/\/employmenthero.com\/my\/blog\/product-update-december-2025\/\" target=\"_self\" class=\"group-block-link\"><\/a>\n<\/li><li class=\"wp-block-post post-26905 post type-post status-publish format-standard has-post-thumbnail hentry category-uncategorized tag-2025-product-update resource-type-blog topic-product\">\n\n<div class=\"wp-block-group has-border-color has-neutral-100-border-color has-white-background-color has-background is-vertical is-layout-flex wp-container-core-group-is-layout-26 wp-block-group-is-layout-flex\" style=\"border-width:1px;min-height:100%\"><figure style=\"aspect-ratio:16\/9;width:100%;height:100%; padding-bottom:0;padding-top:0;margin-bottom:0;\" class=\"wp-block-post-featured-image\"><a href=\"https:\/\/employmenthero.com\/my\/blog\/product-update-november-2025\/\" target=\"_self\"  style=\"height:100%\"><img loading=\"lazy\" decoding=\"async\" width=\"1152\" height=\"760\" src=\"https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2025\/12\/BlogDownloadable_Generic-optimized.webp\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Product Update: November 2025\" style=\"width:100%;height:100%;object-fit:cover;\" srcset=\"https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2025\/12\/BlogDownloadable_Generic-optimized.webp 1152w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2025\/12\/BlogDownloadable_Generic-optimized-300x198.webp 300w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2025\/12\/BlogDownloadable_Generic-optimized-1024x676.webp 1024w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2025\/12\/BlogDownloadable_Generic-optimized-768x507.webp 768w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2025\/12\/BlogDownloadable_Generic-optimized-576x380.webp 576w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2025\/12\/BlogDownloadable_Generic-optimized-440x290.webp 440w\" sizes=\"auto, (max-width: 1152px) 100vw, 1152px\" \/><\/a><\/figure>\n\n\n<div class=\"wp-block-group blog-3-col-details wp-container-content-9 is-vertical is-content-justification-left is-nowrap is-layout-flex wp-container-core-group-is-layout-25 wp-block-group-is-layout-flex\" style=\"margin-top:0;padding-top:var(--wp--preset--spacing--10);padding-right:var(--wp--preset--spacing--10);padding-bottom:var(--wp--preset--spacing--10);padding-left:var(--wp--preset--spacing--10)\">\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-24 wp-block-group-is-layout-flex\"><div style=\"font-style:normal;font-weight:600\" class=\"taxonomy-resource-type eh-resource-type wp-block-post-terms\"><img decoding=\"async\" class=\"wp-block-post-terms-icon\" width=\"20\" height=\"20\" alt=\"icon-blog\" loading=\"lazy\" src=\"https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2023\/02\/ManagedHR-1-1.png\"><a href=\"https:\/\/employmenthero.com\/my\/resources\/blog\/\" rel=\"tag\">Blogs<\/a><\/div>\n\n<h3 class=\"wp-block-post-title\"><a href=\"https:\/\/employmenthero.com\/my\/blog\/product-update-november-2025\/\" target=\"_self\" >Product Update: November 2025<\/a><\/h3>\n\n<div class=\"wp-block-post-excerpt has-text-color has-contrast-2-color has-small-font-size wp-container-content-8\"><p class=\"wp-block-post-excerpt__excerpt\">Welcome to the November 2025 product update from the 91±¬ΑΟ team. We\u2019ve got lots to share around Workflows, Rostering,&hellip; <\/p><\/div><\/div>\n\n\n<a style=\"font-style:normal;font-weight:600;\" class=\"wp-elements-9dfcbcb7662772ecb2d671e8976a6c51 wp-block-read-more has-text-color has-violet-500-color\" href=\"https:\/\/employmenthero.com\/my\/blog\/product-update-november-2025\/\" target=\"_self\">Read more<span class=\"screen-reader-text\">: Product Update: November 2025<\/span><\/a><\/div>\n<\/div>\n<a href=\"https:\/\/employmenthero.com\/my\/blog\/product-update-november-2025\/\" target=\"_self\" class=\"group-block-link\"><\/a>\n<\/li><\/ul><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Deciding when to hire and how to build a business case for further recruitment<\/p>\n","protected":false},"author":30,"featured_media":23420,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_lite_auth_enabled":false,"_lite_auth_trigger_method":"scroll","_lite_auth_scroll_percent":25,"_lite_auth_click_element_query":"","exclude_from_algolia":false,"reading_time":"8 min 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