Just learned that an American National Standard for calculating the Cost Per Hire has been published.
Normally, I’m all for Standards, Consensus, and Systems.
But this one is a 50 page American National Standard just to get the HR Department and the Finance Department to agree that :
CPH = (External Costs) + (Internal Costs) / Total Number of Hires in a Time Period
Seems a bit like overkill.
Although this is a pdf available on line, I question the need for 50 pages to “standardize” a definition of a simple quotient.
In my world, complex minds simplify, and simple minds complexify.
Here’s a link to your own 50 page pdf of ANSI/SHRM 06001.2012