Result
Cost per hire
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This calculation is for informational purposes only and does not replace advice from a qualified professional. Formulas and rates may not fit your exact situation — double-check the figures before making decisions.
How it is calculated
Total recruiting cost = external costs + internal costs. Cost per hire = total cost ÷ hires over the same period — what closing one position costs the company on average, regardless of role.
Internal costs are often underestimated or skipped entirely, even though they're real: recruiter, HR and manager time spent on interviews and assessment is paid working time, and it converts to money through their hourly cost.
The metric averages roles of very different complexity — hiring a junior employee and a senior executive cost very differently, so for comparing periods or departments it's more useful to track cost per hire separately for groups of similarly complex roles rather than one company-wide number.