Not all sourcing channels are equally efficient, but without comparing them side by side, it’s easy to keep spending on a channel out of habit rather than performance. Compare cost-per-hire across up to four channels at once below.
This tool ranks channels purely on cost efficiency, but a cheap channel that produces hires who leave within six months isn’t actually the bargain it looks like on paper. If you track attrition by source, cross-check the cheapest channel here against your Employee Turnover Calculator results segmented the same way before reallocating budget purely on this number.
Our Cost Per Hire Calculator gives you one overall figure using the standard SHRM/ANSI formula. This tool is specifically for comparing multiple channels against each other, useful for budget allocation decisions rather than a single blended metric.
You can, but keep in mind referral “cost” usually includes a bonus payout rather than a subscription or agency fee, our Referral Bonus Calculator helps work out that specific cost input.
Include everything directly attributable: job portal subscription fees, agency commissions, paid social/LinkedIn spend, or referral bonus payouts, whatever applies to that specific channel.
Channel performance shifts with the market, quarterly is a reasonable cadence for most teams to catch meaningful trends without overreacting to short-term noise.
Once you know which channels are efficient, our Recruitment Cost Calculator helps you plan the total spend across all of them for the year ahead.