What is Cost-Benefit Analysis?

Whether you're a beginner or an expert, you will find this Glossary useful.

Cost per hire is linked to recruiting talent and refers to the total cost of bringing new employee to the company, including the expence of recruitment process, equipment, travel costs, administrative costs and benefits.

what-is-cost-benefit-analysis

Cost per hire definition

Cost per hire is linked to recruiting talent and refers to the total cost of bringing new employee to the company, including the expence of recruitment process, equipment, travel costs, administrative costs and benefits.

The cost-per-hire depends on the size of the company, the seniority of the position being filled and the strength and efficiency of in-house.

How to measure cost per hire

Cost per hire can apply both to internal promotions within the organization or transfers, as well as new hires recruited from outside the organization.

Cost per hire equation:

(total external recruiting cost + total internal recruiting cost) / (total number of hires ina given time frame)


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