Cost per Hire Metric
Measure how much it costs for a single hire.
Track all your HR KPIs in one place
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![HR KPI Example - Cost per Hire Metric](https://images.klipfolio.com/website/public/77d0b7cb-94c8-461b-aea0-4a40e5270810/Cost Per Hire.png)
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
![](https://images.klipfolio.com/website/public/d71a55df-a7dc-4fe9-9eea-cc2904158b50/klips-gradient.png)