Get the Free Excel Spreadsheet to calculate your Recruiting Cost Per Hire.
The Calculator factors in all of your costs including job advertising, sourcing, outsourced staffing and time dedicated by your internal team.
Oftentimes businesses focus solely on costs and don't take into account speed or quality of hire. Having a low cost per hire does not ensure that you're making the best hires, which is why we always emphasize focusing on the quality of the hires.
Long term, the lowest cost hires can actually cost your business more if they're unqualified for the role, require frequent replacing due to poor fit, or if they create a toxic environment.