Calculate the exact cost of hiring each employee, from job posting to onboarding. 100% free with no sign-up required.
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Cost Per Hire (CPH) is a core HR metric that measures the total amount an organisation spends to fill one open position. It covers internal costs, such as recruiter salaries, interviewer time, and onboarding, and external costs like job board fees, agency charges, and background verification. The SHRM formula is: CPH = (Total Internal Costs + Total External Costs) / Total Number of Hires.
According to SHRM, the average cost per hire is approximately $4,700 in the United States. This can vary widely based on role complexity, industry, hiring channels, and overall recruitment strategy.
Cost per hire is an HR metric that measures the total expense an organisation incurs to fill one open position. It includes internal costs like recruiter salaries, interviewer time, and onboarding, plus external costs such as job boards, agency fees, assessments, and background checks.