Definition This KPI measures the total cost incurred by the Human Resources department in the process of recruiting, sourcing, and selecting employees for each new hire.
Calculation Divide the total cost of the “recruit, source, and select employees” process group by the number of new hires.
Unit of Measurement US Dollars
Function Recruit, source and select employees
Method of Estimation Sum up all the costs involved in the recruitment process (e.g., job advertisements, recruitment agency fees, HR team’s salary, etc.) and divide it by the total number of new hires.
Timeframe Measured on a per-hire basis

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