| 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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