Cost Per Hire
The total expenditure divided by the number of hires made in a given period. Includes advertising, recruiter time, agency fees, assessment tools, and onboarding costs. Industry averages vary widely - from under $1,000 for high-volume roles to $20,000+ for specialist or executive positions.
Related terms
Time to Hire
The number of days between a candidate entering the recruitment pipeline and accepting a job offer. …
Internal Mobility
The movement of employees within an organisation - across roles, departments, or geographies - throu…
Talent Pool
A database of candidates - both active applicants and passively sourced prospects - that a recruiter…