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The Holy Grail of talent acquisition: calculating the true cost per hire

Most employers still remain in the dark about their true cost per hire, prompting two of Australia's most experienced recruitment innovators to launch a platform that aims to accurately measure which marketing channel initiated a successful job application.

The new platform, Hoarde, aims to calculate metrics such as cost-per-candidate-interview, cost-per-offer, and cost-per-hire. It can also assess key ratios such as offers per hire and interviews per hire.

The system uses tracking codes to trace where candidates first noticed recruitment marketing material as well as where their final application came from, says Hoarde co-founder and recruitment marketing specialist Mike Beeley, from Lightbox Communications...