Recruitment cost refers to the total amount of money a company spends on hiring new employees. It includes various expenses, such as advertising fees, job boards, recruiter fees, candidate assessments, and any other related expenses associated with hiring. This metric helps organisations evaluate the cost-effectiveness of their hiring strategies and optimise future recruitment budgets. It includes both internal costs (such as HR salaries, technology, and training) and external costs (including advertising, agency fees, job board postings, and background checks).