This question is about cost of hiring statistics average cost per hire.

Is cost per hire important?

By Zippia Team - Feb. 14, 2022

Yes, knowing your cost per hire is important. However, it is far more important to invest in top talent than to get the most hires for the least amount of money.

Just as you track your average cost per hire using the methods above, also establish metrics to measure the performance of those new hires. Understand that it's going to cost more to fill your senior-level roles than your entry-level ones, and recognize the importance of promoting talented individuals that are already part of your team.

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