
The Real Time Cost of Each Hiring Task
On average, you’re spending around $30-60 per hour on your hiring staff. With each hour of work done, your cost per hire accumulates. Do you know what that cost is for your business? If not, this article will give you an idea of how to calculate it, how it compares to the national averages and give you suggestions to cut back on hiring time and costs. SHRM’s Recruiting Benchmarking Report gives useful U.S. baseline benchmarks for both time to fill and cost per hire, split between executive and nonexecutive roles. Here are the headline figures from that report: And for cost: Based on the data, executive hiring costs about 6.55x more than nonexecutive
