Talent acquisition as a function provides immeasurable business value. After all, a company is only as good as the people it hires. However, it can be hard to translate this value into terms that your CEO or CFO will understand. That is, unless, you use the Hiring Success metrics (link to HS metrics article) to improve the various components of the hiring process and generate a stronger Return on Hiring (ROH).
Calculating annual recruiting costs
To bring this point to life, let’s examine the annual recruiting costs for a hypothetical company—Company D. Below, you’ll find Company D’s annual recruiting costs,