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

Visier

“Build vs. Rent” is a common dichotomy in technology buying, but what does it mean when applied to workforce intelligence? Building your Workforce Intelligence Solution. Recently, I learned about a large software organization’s quest to build a workforce analytics solution. Data warehouse software licenses.

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Algorithmic Management in Organizations: Benefits, Challenges, and Best Practices

Analytics in HR

For example, platforms like Uber, Deliveroo & UpWork manage and closely monitor their global workforce with algorithms. In fact, 40% of HR departments in international companies use AI-based tools. For example, the use of algorithms is quite common in employee selection. The 3 key benefits of algorithmic management.

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Managing A Total Talent Workforce – The Impact Of The Gig Economy

Accurate Background

As well as outlin ing the benefits associated with a total talent workforce , this piece will advise on the best way to ensure all workers are hired and onboarded efficiently and compliantly. . . In 2017, for example, the Bureau of Labor Statistics reported that 34% of the U.S. Now, two years on, as many as 59% of U.S.

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Recruiting Is Only Getting Tougher [infographic] – Friday Distraction

HR Bartender

Using the same example, if the requisition is approved on April 1 and the employee starts work on May 15, then time to start is 45 days. Today’s infographic from our friends at iCIMS, shows data from their 2015 Hiring Trends report. It’s a clear example of how time really is money. Their 2016 Recruiting Goals.”

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The Optimal HR to Employee Ratio

Analytics in HR

The HR to employee ratio is a useful tool for assessing the optimum capacity of HR in an organization. The current HR team consists out of 35 people (32 FTE) and Jill wants to make a case for more HR hiring budget. Technology. An example is the HR business partner population. Contents What is the HR to employee ratio?

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Background Screening Impacts the Candidate Experience

HR Bartender

It even includes other steps in the overall hiring process, like background screening, where organizations might leverage third-party service providers. Every touchpoint in the hiring process is a part of the candidate experience. The candidate experience includes employment branding, career portals, offer letters, etc.

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