Cost per Hire Metric

Measure how much it costs for a single hire.

Cost Per Hire

Overview

The Cost per Hire metric helps your HR agents monitor the total cost incurred by a company to make a single hire.

Formula

Total cost in recruitment*/Total new hires

*includes advertising, internal recruiter, agency, and travel fees

Reporting frequency

Monthly

Example of KPI target

$250 per hire

Audience

HR Manager, Department Heads

Variations

Average cost of recruitment per position

Related Metrics & KPIs

# of Employees

Headcount

Avg # of Applicants for past Vacancies

Applications Received per Vacancy

Cost Per Hire

Cost per Hire

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