Measuring success is critical in recruiting. There are four general types of metrics on which to concentrate – cost, quality
, quantity and time.
Possibly the most overused and least-understood metric in recruiting is “cost per hire” (CPH). At its core, CPH should be very simple, right? Identifying CPH can be as simple as noting how much an agency cost you for a hire – agency fee multiplied by the candidate’s salary — most likely one of the highest cost per hires your organization pays.
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