The True Cost of Hiring an Employee in 2024
Hundred5
DECEMBER 20, 2023
The average cost per hire was $4,129 in 2019 but rose to $4,700 in 2023, which is a 14% increase. The hard costs of hiring include all spending unavoidable spending on talent sourcing, selection, and onboarding, which average about $4,700 per employee.
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