Calculate the cost per hire for the following scenario. Show your calculation for partial credit. If you only provide one number, and it is incorrect, I will not know how close you were to getting it right.
Accountant:
Advertisements: 1 ad at $1100, 1 ad at $475, and 2 ads at $850 each
Agency fees: none
Recruiter Salary: 48,000
Fringe: 32%
Applicants: 160
Recruiter interviewed 10% of total applicants for 1.5 hours each
Relocation $4,000 each
Hires: 2