{"id":9380,"date":"2024-06-11T13:30:56","date_gmt":"2024-06-11T12:30:56","guid":{"rendered":"https:\/\/jobtoolz.com\/5-tips-to-reduce-your-cost-per-hire\/"},"modified":"2025-05-27T13:53:05","modified_gmt":"2025-05-27T12:53:05","slug":"5-tips-to-reduce-your-cost-per-hire","status":"publish","type":"post","link":"https:\/\/jobtoolz.com\/AUS\/5-tips-to-reduce-your-cost-per-hire\/","title":{"rendered":"Improve your recruitment process: 5 tips to reduce your cost per hire"},"content":{"rendered":"

On the hunt for a new employee? In the War For Talent, you really need to go all out. Recruiting a new employee requires a significant budget. Not only does your recruitment team need to be paid. To share your vacancy on a job board, you also pay a fee. Not to mention the marketing costs. It doesn’t stop. But couldn’t it be cheaper? Sure it can!<\/strong><\/p>\n

In this blog we will give you 5 tips to reduce your cost per hire. Let’s go! \ud83d\ude80<\/strong><\/p>\n<\/div>

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Curious for more? Download our complete guide with 21 tips on how to reduce your cost per hire<\/a>\ud83d\udcaa<\/p>\n<\/div>

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What is the cost per hire?<\/h2>\n

The cost per hire, or CPH, shows you how much it costs to hire one new employee. It involves all costs directly or indirectly related to the recruitment process. Based on your CPH, you can assess the efficiency of your recruitment process.<\/p>\n

How do you calculate your cost per hire?<\/h2>\n

To calculate your CPH, you add up all internal and external hiring costs. Then you divide the total by the number of employees. That’s how you know exactly how much it costs you to fill an open vacancy. With this knowledge, you can optimise your recruitment strategies.<\/p>\n

So we separate internal and external costs. But which are those costs exactly?<\/strong><\/p>\n

Examples of internal costs are:<\/p>\n