Replacement costs include things such as:
+ Updating job descriptions
+ Developing a recruiting plan and search strategies
+ Writing postings or advertisements
+ Costs to post job in print or digitally
+ Staff time to review, screen, and process applicants
+ Time spent by all those interviewing candidates
+ Fees paid to any third party provider for referrals
+ Fees paid for reference and background checks
+ Overtime or temporary service costs to backfill open position