Courses / Scaling Recruitment
7. Cost-per-Hire Calculation
The atomic formula and inputs to calculate total cost-per-hire for agency and internal sourcing activities.
Scaling Recruitment: Employer Brand, Campus Programs, and Agency Partnerships for Talent Acquisition Specialists
Cost-per-Hire Calculation
A Cost-per-Hire is the total money spent to fill one position, averaged across all hires in a period.
"I need to know whether our campus program or our agency partners give the best value per hire."
Cost-per-Hire = (Total Recruitment Costs) ÷ (Number of Hires) where Total Recruitment Costs includes direct, indirect, and agency fees for the measurement period.
"I need to know whether our campus program or our agency partners give the best value per hire."
Cost-per-Hire = (Total Recruitment Costs) ÷ (Number of Hires) where Total Recruitment Costs includes direct, indirect, and agency fees for the measurement period.