How does the cost-per-hire metric impact recruitment budget planning?
- It assesses the quality of hires
- It measures the time taken to fill a position
- It provides insights into candidate qualifications
- It quantifies the expenses associated with hiring
The cost-per-hire metric quantifies the expenses associated with hiring, including recruitment advertising, agency fees, and employee referral bonuses. Understanding this metric is essential for effective recruitment budget planning and resource allocation.
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