This is according to XpertHR Benchmarking research on key recruitment metrics in 2012.
The typical cost per hire is significantly higher in the private sector than it is in the public sector, perhaps reflecting the impact of spending cuts on levels of recruitment activity in the public sector.
How are recruitment costs changing in the current economic climate?
The survey also looks at how recruitment costs have changed over the past year:
- Two-fifths of employers report that the typical cost of filling a vacancy has fallen.
- Just over a quarter say it has stayed the same, while just under a quarter say it has increased.
- But this picture changes markedly in the public sector, where just under two-thirds report that the cost of recruitment has dropped.
These are among the key findings of XpertHR's latest annual benchmarking survey of recruitment trends, based on responses from 94 organisations with a combined workforce of 216,834 employees.
The survey offers a wealth of data on key recruitment metrics in 2012, including time to hire, cost per hire and the effectiveness of recruitment practices.
You can access XpertHR benchmarking data on key recruitment metrics in 2012 in the following ways:
- Recruitment Trends 2012 Subscribers to XpertHR Benchmarking can drill down into the complete results data from this survey and generate bespoke reports on how their organisation compares.
- Recruitment Metrics Benchmarker Answer the questions in this Benchmarker spreadsheet to create a printable report on how key recruitment metrics at your organisation compare. The spreadsheet is accessible to XpertHR Benchmarking subscribers only.
- Benchmarking key recruitment metrics in 2012 Read more.
- XpertHR Recruitment Trends 2012: Key metrics and XpertHR Recruitment Trends 2012: Activity picks up Read XpertHR's detailed written analyses of the survey findings.