How to Reduce Your Cost Per Hire, Time to Fill, and Other Recruiting Metrics
To keep track of and minimize recruitment costs, employers often turn to various recruitment metrics, with one of the most common being cost per hire. As the name suggests, cost per hire is the amount of money you spend on a single hire. This common recruiting metric is calculated by adding up both the total internal and external costs of all hires and then dividing by the number of hires made over a specific time [...]