Question

Erica helped a sales manager place an ad on job boards and hire 5 new salespeople. she calculates that the total cost to recruit and select these employees was $200,000. what was the cost per hire for this recruiting effort?

Answer 1

The cost per hire of the recruiting effort done by Erica to help out a sales manager can be calculated by dividing the total cost by the number of hires. That is,


C = T / n

where T is the total cost and n is the number of hires. Substituting the known values,

C = ($200,000) / 5
C = $40,000

ANSWER: $40,000