Cost per Hire (CPH)

Cost per Hire (CPH) is a metric that measures the costs associated with the sourcing, recruiting, and staffing activities by an employer to fill a position in the business or organization. CPH is a ratio of the total dollars, external and internal costs, expended to the total number of hires in a specified period of time.

For example, your cost per hire may be higher if you hire externally than internally.

Cost per Hire used in a sentence: We need to figure out the cost per hire to set a budget to fill those positions.

Group of candidates preparing for an interview
Groupd of people discussing potential employees