Posts Tagged ‘HR metrics’

Good Business Practice:  Keep Recruiting Metrics

  In an economy increasingly driven by data, hiring managers and recruiters cut costs and improve best practices by monitoring the recruiting numbers. Glassdoor provides some interesting survey statistics: An average American company takes about 52 days and spends about $4,000 to fill one position. Almost 50 percent of small business owners say there is…

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Social Media's Influence on Talent Acquisition

Glassdoor recently reported that 96% of the online population belongs to at least one social network. Add that to the fact that 47% of today’s workforce was born after 1980 (and by 2025, more than 75% of workers will be come from the “social media generation” having grown up with internet and social networks) and begin…

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Factors and Costs Associated with Employee Turnover

In recent articles, several important metrics related to hiring and selection have been discussed. The next logical metric is cost of turnover. How much does employee turnover cost your organization each year and are you tracking it properly? Everyone knows that turnover is expensive, but the fact is that losing employees may cost more than…

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Evaluating the True Importance of Cost Per Hire

*Be sure to check out the other posts in this series HERE, HERE & HERE! HR loves metrics and while we’ve gone over the basics of quality of hire and cost per hire, an interesting perspective is proposed on why over-focusing on these types of metrics can actually have a negative effect. Specifically, Dr. John…

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Determining Cost-Per-Hire

*Be sure to check out the other posts in this series HERE, HERE & HERE! Continuing with the focus on talent management metrics (see the above articles for more information), we will focus on the details surrounding the cost-per-hire metric. The Society for Human Resources Management (SHRM) notes that cost-per-hire is consistently listed by HR…

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Measuring Quality of Hire – Things to Consider

*Be sure to check out the other posts in this series HERE, HERE & HERE! An aggregate study that measured the quality of output of production workers found two things: 1) the top third of all performers produced 1.7 times the value of average workers and 2) the difference between the top third performers versus…

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Why You Should Be Measuring Quality of Hire

Last year, staffingindustry.com reported that 69% of survey respondents are not measuring quality of hire (QoH). Yet, according to the same survey, “Of the companies that measure quality of hire, 85 percent believe doing so has a positive impact on hiring quality and nearly half believe there is a significant impact.” This information was obtained…

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