Cost-per-hire metrics, demystified
SEPTEMBER 22, 2016
Cost-per-hire (CPH) is one of the most intriguing recruiting metrics. SHRM and ANSI define this additional cost-per-hire metric. The RCR formula is: You may include total annual compensation before new hires complete their first year. In this case, total annual compensation will be the amount you agreed upon through the employee’s employment contract. If the new hire’s compensation is $60,000 then RCR=(10,000/60,000)*100%=16%.