Definition This key performance indicator measures the total cost incurred to fulfill the recruitment, sourcing, and selection processes for employees per business entity employee.
Calculation Total cost to perform the process group recruit source and select employees divided by the total number of business entity employees.
Unit of Measurement US dollars
Function Recruit, source and select employees
Method of Estimation The cost is calculated by summing up all the expenses associated with the recruitment and selection process, including advertising costs, agency fees, employee referral bonuses, recruitment software costs, and HR personnel expenses. The total number of business entity employees is obtained from HR records.
Timeframe This KPI is measured on an annual basis.

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