Cost per Hire Metric
Measure how much it costs for a single hire.
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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
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