When an organization adds up all the expenses for hiring five new engineers, including advertising costs, relocation costs, and
1 answer:
Answer:
<u>Cost per hire </u>
Explanation:
Cost per hire is the sum total of total costs incurred on hiring new recruits divided by no of new recruits.
Mathematically it is expressed as,
Cost per hire =
Cost per hire allocates all those expenses incurred in relation to hiring new recruits and calculating per head cost of hiring a new recruit.
The services which an organization avails from it's employees is then weighed against this cost that relates to each individual.
You might be interested in
Answer:
Australia has purchasing-power parity with the U.S.
Explanation:
A basket of goods costs $800 in the US. The same basket costs 1,000 euros in France and 960 Australian dollars in Australia.
The nominal exchange rate for euros is .80 euros per U.S. dollar and for Australian dollars, it is 1.2 Australian dollars per U.S. dollar.
The purchasing power parity theory compares the currency of two countries through a basket of goods. The currency of the two countries is in equilibrium or is at par if a basket of goods cost the same in both the countries.
This method compares the economic productivity and standard of living in two countries.
Converting the value of basket in France into US dollars,
=
= $1,250
Converting the value of basket in Australia into US dollars,
=
= $800
The cost of the basket of goods is same in Australia. This indicates that Australia has purchasing-power parity with the U.S.