Enter the total internal recruiting costs, total external recruiting costs, and the total number of new hires to calculate the cost per hire.

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## Cost Per Hire Formula

The following formula is used to calculate a cost per hire.

CPH = (TIR + TER) / #H

- Where CPH is the cost per hire
- TIR is the total internal recruiting costs
- TER is the total external recruiting costs
- H is the total number of new hires

## Cost Per Hire Definition

A cost per hire is defined as the total expense it takes to hire one individual for a company.

## Cost Per Hire Example

How to calculate cost per hire?

**First, determine the total internal costs.**Calculate the total internal hiring costs over a time period.

**Next, determine the total external costs.**Calculate the total external recruiting costs over the same time period.

**Next, determine the number of new hires.**Measure the total number of people hired during the time period.

**Finally, calculate the cost per hire.**Calculate the cost per hire using the equation above.

## FAQ

**What is a cost per hire?**

A cost per hire is the total monetary expense required to hire 1 person.