Glossary   >  Cost-per-hire

Cost-per-hire

Cost-Per-Hire refers to the total cost incurred in hiring a new employee to the company. It includes expenses of the recruitment process, equipment, travel costs, administrative costs, and benefits. Cost-Per-Hire is an efficiency metric, and it measures the total cost a company spends to hire a new employee. It is calculated using:

Cost-Per-Hire = (cost of internal recruiting + cost of external recruiting)/ total no of hires in the given time.

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