What’s Your Cost Per Hire?
*Note: This is an estimated cost per hire figure. This should be used as a tool to help determine where and how a company can improve on overall recruitment costs. Because there are so many factors that shape the actual cost per hire figures, this tool should be only used to get an estimate of the Cost Per Hire.
Cost-per-hire is one of the most important metrics when it comes to recruitment analytics. It provides an insight to where and how a company is utilizing their recruiting dollars. By analyzing this along with other measurable data, companies can potentially create or modify their recruitment strategies to save money and gain a better ROI on their efforts.