Cost per Hire
Definition: The total cost of recruiting and hiring for all open positions ("front-line" staff, managers and executives) divided by the total number of positions filled over the same period of time.
Discussion: General Cost per Hire includes all levels of employees - from front-line staff to executive positions. Recruiting and hiring expenses include: staff wages/compensation, job post spending (e.g., posting on Monster.com or similar), employee screening (background checks, drug tests, etc.), travel costs, referral payments, outsourcing, recruiting technology and any other position marketing costs.