4 Reasons Employers Should Track Their Cost Per Hire
Cost per hire increases dramatically in markets where top professional talent is scarce. According to SHRM, cost per hire is financial investments include advertising agency fees, employee referrals, travel cost of applicants and staff, relocation costs, and recruiter pay and benefits. This metric is calculated as the sum of these costs divided by the number of hires. The HR Departments are judged for the quality of talent they recruit and retain. Now more than ever, this is an important metric...
