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The Reason Companies Should Calculate Cost Per Hire

HR Bartender

Every once in a while, I run across an article that talks about why organizations shouldn’t calculate cost per hire. Personally, I’m a big fan of the cost per hire metric. Basically, here it is: CPH = (External Recruiting Costs + Internal Recruiting Costs) / Total Number of Hires for a Time Period.

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Analytics in Hiring: 4 Ways AI Helps You Find Non-Obvious Talent

Eightfold

Hiring managers don’t always have the time to analyze hundreds or thousands of candidates to find the needle in the haystack, though. AI-powered hiring technology helps organizations dig deeper and look beyond what is written on the resume. But how do hiring managers find those people?

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Build vs. Rent: Don’t Crash on the Do-It-Yourself Iceberg for Workforce Intelligence

Visier

While the same talent challenges are spurring companies to become more data-driven in workforce decision making, the approaches they are taking fall mainly into two different camps: build or rent. Data center maintenance costs. Other implementation costs, such as the development of dashboards and training. IT administrators.

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How Resume & Employment Verification Protects Employers

Cisive

Resume fraud is a global problem that affects employers, the gig economy, and volunteer agencies whether they are screening in the U.S., The CEO of Yahoo was forced to step down in 2012 after it was revealed that his academic credentials did not add up. A recent incident of resume fraud in the U.K.

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Retail Worker Scheduling

nettime solutions

For many retailers across the US, hiring is an issue on all levels , including associates, middle and upper management. The cost of losing retail workers may be bigger than you think. According to the report: Losing a worker who earns under $30,000 a year can cost you roughly 16% of their salary.

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Laser-Focused on Recruiting to Hire A Players | ClearCompany

ClearCompany HRM

Our comprehensive Talent Management Platform has helped revolutionize hiring talent and managing employees for organizations in industries from quick-serve restaurants like Chick-fil-A to sustainability certification firms like SCS Global Services. Reduced average time-to-hire from 20 days in 2020 to just 14 days in 2021.

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Is Your Company Suffering from High Attrition Rates?

Professional Alternatives

High attrition rates aren’t just a nuisance for hiring managers – they can have a significant negative effect on the company’s budget. Replacing a worker can cost around 20 percent of their salary, according to a 2012 Center for American Progress study. Contact us today to learn more about our employer services.