Which action is most likely to reduce an organization's cost-per-hire (CPH)?

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Study for the University of Central Florida MAN3302 Talent Management Exam. Use flashcards and multiple-choice questions with explanations. Get exam-ready with interactive learning!

Performing all recruiting functions internally can significantly reduce an organization's cost-per-hire (CPH) because it eliminates the fees associated with external recruiting methods, such as staffing agencies or third-party recruitment services. When an organization manages its own recruitment process, it controls the costs associated with hiring and can implement cost-effective strategies.

Internal recruitment often leverages existing resources, such as current employees and internal networks, which can lead to quicker and less expensive hiring processes. It allows the organization to utilize existing knowledge about the company culture, job requirements, and internal talent pool, potentially decreasing the time and money spent on external searches.

In contrast, options like hiring more recruiters or increasing marketing spend could raise expenses rather than reduce them. Similarly, using staffing agencies typically involves a surcharge for their services, which would directly increase the CPH. Therefore, managing recruiting functions internally is a proactive measure that can lead to lower hiring costs through better resource management and streamlined processes.