Benchmarking and Variable Costs

How to Measure Quality of Hire to Drive Business Results

AIHR

MARCH 30, 2021

You want to have enough candidates to compare to make the right choice unless you hire for that position frequently enough to have a good benchmark. Cost per Hire = Sum of recruiting costs ÷ Number of hires. Hiring Budget = Total recruiting costs ÷ New hire payroll. Pre-hire Assessment = Assesment Score ÷ Benchmark.

Recruitment

Recruitment Benchmarking Metrics Onboarding

An HBR Refresher on Breakeven Quantity

Harvard Business Review

JUNE 22, 2015

To figure total costs you first multiply the unit quantity sold by the variable costs per unit, then you add the fixed costs. Like this: Note that Price per unit – Variable costs per unit is equal to the Contribution margin per unit. The variable costs to make each pair of flip flops are $14.00.

Variable Costs

Variable Costs Fixed Costs Advertising ROI

OrgDev Digest

How to Measure Quality of Hire to Drive Business Results

An HBR Refresher on Breakeven Quantity

Webinars

Stay Connected