Cost to Hire (or Cost per Hire)

What is Cost to Hire?

Cost to hire is a key metric of the recruitment process. It can tell a company how efficient it's recruitment process is working.

Cost to hire normally includes cost such as:

  • Advertising costs
  • Recruitment agency costs
  • Interview costs

Cost to hire typically does not include the opportunity cost (lost) of a person not filling a role or vacancy.

Using a world class applicant tracking software tool such as Advorto you can effectively monitor and report on Cost to Hire across all your recruitment activities ensuring you have a valuable insight into the performance of your recruitment function.

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