You're determined to hire the best and you know it's going to cost you—there will be advertising expenses, wages and benefits, travel and relocation costs, and maybe even executive recruiters' fees. And that's not the half of it. Although few managers realize it, there are also "hidden costs"—administrative expenses associated with the process—that can pile up quickly. Dollar amounts vary depending on the geographic region and type of position, of course, but a typical company can expect to incur some or all of the following:
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