What recruitment metric calculates total expenditure spent on acquiring a new hire divided by the total number of hires made during a specified period?
ACost-per-Hire (CPH)
BCost Benefit Ratio
CReturn on Recruitment (ROR)
DTalent Acquisition Index
Explanation
• Cost-per-Hire formula: Cost-per-Hire = (Internal Costs + External Costs) / Total Number of Hires.
• Evaluates recruitment cost-efficiency across advertising, agency fees, interviewing hours, and travel costs.
Exam Relevance
- Topic: HR Metrics & Analytics
- Subtopic: Cost per Hire
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