HR KPI Examples | Cost per Hire

Cost per Hire

Measure how much it costs for a single hire.

KPIs & Metrics 101

Everything you need to know about KPIs to start your data driven journey

KPIs & Metrics 201

Real life business examples of KPIs and how to establish key business metrics

Formula

Total cost in recruitment/Total new hires

Services

BambooHR Dashboard | BambooHR logo

Role

C-Level, VP / Director

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