Which of the following best describes the cost per hire metr

Which of the following best describes the cost per hire metr - SHRM-CP Practice Questions

Question

Which of the following best describes the "cost per hire" metric?

Answers

It refers to the total compensation package offered to new hires.
correct

It measures the direct and indirect costs associated with filling a job opening.
It calculates the potential cost savings of outsourcing recruitment.
It tracks how much candidates are willing to negotiate for higher salaries.

Explanation

The correct answer is B) It measures the direct and indirect costs associated with filling a job opening.

The "cost per hire" metric measures the total expenses involved in filling a job opening, including both direct costs (like advertising and recruiter fees) and indirect costs (such as time spent by HR). It provides a comprehensive view of hiring expenses, helping organizations budget effectively and improve recruitment strategies.

Options A, C, and D focus on specific aspects of hiring rather than the overall costs, making B the correct choice.

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