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Cost per Hire Calculator

LAST UPDATE: August 15th, 2018

Calculator

What is cost per hire?

Cost per Hire is the average cost for each person hired by the organization.

Formula

Cost per Hire = (Internal Hiring Costs + External Hiring Costs) / Number of Hires

Example

A recent group of 7 hires cost $5,000 internally and $2,500 externally.

Cost per Hire = ($5,000 + $2,500) / 7 = $7,500 / 7 = $1,071.43 per hire

Sources and more resources