Cost per Hire

Benchmarking Report

Cost per Hire

This PDF report includes benchmarking data (in a visual, chart-based format), an comprehensive KPI definition, characteristics of high performers and technical details on measuring Cost per Hire. Purchase and download this easy-to-understand, presentation-ready report immediately to compare performance levels, set attainable performance targets, and push towards best-in-class performance for this KPI.


What is Cost per Hire?

The total cost of recruiting and hiring (labor, job postings, travel costs, etc.) for all open positions (front-line or entry-level staff, managers, directors and executives) divided by the total number of positions filled over the same period of time.

Why should Cost per Hire be measured?

Cost per Hire measures the average recruiting expense required to attract, screen and hire a candidate for a single open position within the company. A higher than average value for this KPI is typically associated with inefficient, and potentially ineffective recruiting and hiring processes; poorly written job requisitions, ineffective candidate screening and improper allocation of costs within the hiring process (e.g., too much spent on marketing job positions through ineffective channels, etc.) can contribute to bloated costs in this area. Excessive hiring costs may indicate that job requisitions are staying open for a long period of time, which impacts organizational capacity, and may also potentially affect work quality, productivity and service levels within certain functional areas that are under-staffed.


Download a Sample Cost per Hire

Frequently Asked Questions

Q: How do you collect and validate your data?

A: From real-world consulting engagements with Fortune 500 leaders. We’ve spent 25 years conducting original research and anonymizing data from our engagements with top companies around the world. Every single data point we collect is scrutinized by our analysts to conform to established baselines and our rigorous in-house validation process. We won’t serve it up to you unless it meets our tough standards for utility and value.

Q: How much information will my Benchmarking Report contain?

A: Enough to produce a useful benchmark. And rest assured that it’s all current, validated, and useful. We only include data that’s been collected in the last five years. And while sample sizes vary by KPI, the average is 25, and the high end can surpass 1,000.

Q: How often do you update your reports?

A: Every year. We’re constantly gathering, scouring, and processing new data. We update our reports based on trends our analysts detect in the data, as well as the demand from our consulting clients and customers like you.

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