The True Cost of Hiring an Employee in 2024
Teamweek
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. We’ve crunched some numbers and sourced statistics to help you estimate the true cost of hiring an employee for your company in 2024. Hard Costs : Easy-to-quantify, direct costs coming out of your hiring budget (e.g.,
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