Answer:
Cost per hire
Explanation:
Cost per hire is the sum total of total costs incurred on hiring new recruits divided by no of new recruits.
Mathematically it is expressed as,
Cost per hire = [tex]\frac{Internal\ Recruitment\ cost\ +\ external\ recruitment\ costs}{Number\ of\ new\ recruits}[/tex]
Cost per hire allocates all those expenses incurred in relation to hiring new recruits and calculating per head cost of hiring a new recruit.
The services which an organization avails from it's employees is then weighed against this cost that relates to each individual.
