Free HR calculator
Cost Per Hire Calculator
Filling a role costs more than the job ad. Add your internal time and external spend. This gives your true cost per hire on the SHRM and ANSI standard, with the internal versus external split.
Before you start
What you will need. Number of hires in the period, Avg first-year salary (optional), Job ads and postings, Agency or recruiter fees
The hires
External costs
Advanced options
Internal costs
Cost per hire
Where the cost comes from
The method
How cost per hire is calculated
The formula is the SHRM and ANSI 2012 standard. Total internal recruiting costs plus total external recruiting costs, divided by the number of hires in the period.
How this is calculated
External costs
Money paid to outside vendors: job ads and boards, agency or recruiter fees, background checks and assessments, and referral bonuses. Agency fees are often the largest single driver, commonly 15% to 25% of first-year salary.
Internal costs
The time your own people spend hiring, costed at their pay rate, plus recruiting tools. The hardest part is estimating the hours, which is normal and expected in the standard.
Carry this into the decision
Want to track this over time?
The in-depth Excel saves your numbers, prices the recruiter and manager time most teams leave out, and prints a board-ready summary. The Hiring Kit then helps you bring the cost down.
$29. 30 days. Reply to your receipt or email support@truestephr.com for a full refund. No form or explanation is required, and you keep the files.
Related
More free tools and the notes behind them
Put your own numbers in and read the result on screen.
Put your own numbers in and read the result on screen.
Put your own numbers in and read the result on screen.
Put your own numbers in and read the result on screen.
Put your own numbers in and read the result on screen.
Put your own numbers in and read the result on screen.
This tool estimates from the figures you enter. It is general information rather than legal, tax, or accounting advice, so check the result against your own records before you rely on it.