1. Human Resources
  2. Recruitment & Onboarding

Average Sourcing Cost per Hire

Money

Measures the average cost associated with sourcing (finding and attracting) each new hire. Recruiting costs can vary based on the methods used. This metric helps organizations understand which methods are most cost-effective and how much they are investing to attract talent.

Formula

Total Sourcing Costs / Total Number of Hires

Example

If total sourcing costs for a year are $40,000 and the company hired 80 new employees, the Average Sourcing Cost per Hire would be $500.