Cost per Hire
The total average cost of filling a vacancy, from advertising and agency fees to internal time.
Cost per hire measures the average total expense of recruiting a new employee. It combines external costs, such as advertising and agency fees, with internal costs like recruiter and manager time.
Tracking it helps HR understand recruitment efficiency and make the case for investment in tools such as an applicant tracking system or a stronger employer brand.
Read alongside quality-of-hire and time-to-hire, it gives a rounded picture of whether recruitment is both efficient and effective.
