Cost Per Hire Calculator
Cost Per Hire
Calculate the total cost to hire one employee
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Annual Hiring Budget
Estimate annual hiring budget
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Formula
Cost Per Hire = (External Costs + Internal Costs) / Number of Hires | External = Posting + Recruiter + Background + Relocation
Frequently Asked Questions
What is the average cost per hire?
According to SHRM, the average cost per hire in the US is approximately $4,700. However, this varies widely: entry-level positions may cost $1,000-3,000, while executive hires can cost $15,000-50,000+ depending on the use of executive search firms.
How can I reduce cost per hire?
Strategies include building an employee referral program, strengthening your employer brand, using social media recruiting, maintaining a talent pipeline, improving your careers page, and reducing time-to-fill by streamlining the interview process.
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