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The Reason Companies Should Calculate Cost Per Hire

HR Bartender

Personally, I’m a big fan of the cost per hire metric. According to SHRM, the average cost per hire in 2016 was $4,129. I believe the goal of calculating CPH is to provide organizations with a benchmark for their recruiting activities. Now, I get it…there’s lots of talk about quality of hire being the best recruiting metric.

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The Optimal HR to Employee Ratio

Analytics in HR

In this article, we will look at what the HR to employee ratio is, list factors that will influence this ratio, and give a benchmark of the HR to staff ratio. HR to employee ratio best practice Optimal HR to employee ratio benchmark. This metric provides a ratio that is indicative of the efficiency of HR.

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

Visier

The race to adopt workforce intelligence is heating up: according to the Deloitte Human Capital Trends 2016 report , “companies are no longer ‘stuck in neutral’ in their deployment of people analytics… Indeed, analytics capabilities will be a fundamental requirement for the effective HR business partner.”. Data warehouse software licenses.

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How Assessments Create Successful Manufacturing Hires

TalentCulture

A 2016 MRI survey on recruiting found that 80 percent of all hires are mistakes that cost companies time and money. Metrics for Better Performance. Companies can also establish benchmarks based on existing best-performing employees — a new but proven strategy that’s catching on. Want to make the right manufacturing hires?

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Why Change is an Opportunity for the Professional Services Industry

Workday

Professional services firms face intense pressure to increase profit and productivity, with new client revenue declining to the lowest level in the past nine years, according to the 2016 Professional Services Maturity Benchmark study from SPI Research. It wasn’t always this way.

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What Recruiters Can Learn From Marrying Pre- and Post-Applicant Data

Cornerstone On Demand

In a 2016 survey from The Work Place Group, 96 percent of respondents said source of hire is an important metric for making recruiting strategy decisions. Here's the issue: 60 percent of those people also rated the metric as less than 90 percent accurate. (If Someone gets it!

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How to Evaluate the Success of Your Company’s Onboarding Program

HR Bartender

Human Resources Metrics : According to a survey from Korn Ferry, 98 percent of executives believe that onboarding programs are the key to employee retention. Using that statistic means that turnover is an important metric when it comes to evaluating onboarding programs. Another set of HR metrics to consider involve sourcing.