Cost Per Hire Calculator

Calculate Cost Per Hire





Formula

The formula to calculate the Cost Per Hire (CPH) is:

\[ CPH = \frac{TIR + TER}{H} \]

Where:

Definitions

Example

Let's say the total internal recruiting costs are $50,000, the total external recruiting costs are $30,000, and the total number of new hires is 10. Using the formula:

\[ CPH = \frac{50000 + 30000}{10} \]

We get:

\[ CPH = 8000 \]

So, the cost per hire is $8,000.

Extended information about "Cost-Per-Hire-Calculator"

How to Calculate Cost of Hire

Formula: Cost of Hire = \( \frac{\text{Total Recruitment Costs}}{\text{Number of Hires}} \)

Example: Cost of Hire = \( \frac{50000}{10} \)

Formula to Calculate Cost per Hire

Formula: Cost per Hire = \( \frac{\text{Internal Recruiting Costs} + \text{External Recruiting Costs}}{\text{Total Number of Hires}} \)

Example: Cost per Hire = \( \frac{30000 + 20000}{15} \)

Cost of Hiring an Employee Calculator

Formula: Cost of Hiring = \( \text{Advertising Costs} + \text{Recruiter Fees} + \text{Onboarding Costs} \)

Example: Cost of Hiring = \( 5000 + 10000 + 3000 \)

Cost per Hire Formula

Formula: Cost per Hire = \( \frac{\text{Total Hiring Costs}}{\text{Number of Hires}} \)

Example: Cost per Hire = \( \frac{60000}{20} \)