Term
Cost per hire
Recruiting spend divided by the number of people hired in the same period, ideally by source.
VAULT 33|27 · Updated 12 November 2026 · 1 min read
What it means
Cost per hire includes job board fees, advertising, agency fees and the time spent recruiting. Measured by source, it shows which channels produce hires rather than applications.
Why it matters for your business
Carriers often find that the source producing the most applicants is not the one producing the cheapest hires.
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