Cost Per Hire

The cost per hire is a key metric that quantifies the total expenses incurred by a business to fill an available role. This comprehensive measure includes a variety of recruitment-related costs, such as advertising expenses, the use of recruiting software, fees for background checks, and the value of staff time dedicated to hiring tasks. By meticulously tracking the cost per hire, organizations can gain valuable insights into their recruitment processes, enabling them to optimize their recruitment budgets and improve overall hiring efficiency.