Cost per Hire - ms excel calculator
Cost per hire is calculated by taking the total of all recruiting expenses and dividing that amount by the number of new hires. Cost per hire differs significantly according to position level. For that reason, an employer may decide to calculate cost per hire by position level using such categories as nonexempt employees, exempt employees, managers and executives. This template may be used to calculate cost per hire for one or more positions or may be used for different position levels by saving the file under different names.
The excel tool for calculating cost per hire can be downloaded by clicking on download button down in the right.