Cost per hire
Cost per hire is what a company spent to hire one person through a given channel: everything it invested (attendance, travel, staff time), divided by the number of hires that channel produced.
The formula
Formula
Cost per hire = amount invested (euros) divided by the number of hires.
Example
Targeted event: 12,000 euros invested, 4 hires, so 3,000 euros per hire.
What cost per hire is not
It is not cost per application or cost per attendee: those two indicators measure earlier steps in the funnel, before the hire itself.
Work out your cost per hire
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