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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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For this HR “vigilante,” the C-suite was a stop, not the destination

HR Brew

The HR professional with more than two decades of experience working across different companies and industries found that consulting and fractional HR work was a better way for her to tackle interesting people challenges and deliver her expertise to executives in need. The business overhead work and invoicing is a challenge.

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Sumser tech spotlight: This hiring tool ‘distinguishes itself’

HRExecutive

Like many others, the company claims to make a difference in the hiring process. The idea was to apply the predictive/big data/matching tools to the problem of workforce stability in healthcare. In 2016, the company began to look for serious scale. Arena is built to deliver on those ideals. Advertisement.

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Is the Gig Economy Taking Over?

HR Bartender

The challenge is that organizations need to engage temporary talent if they expect to keep them. In iCIMS’ Q1 2016 U.S. Hiring Trends Report (PDF), they talk about the increase in contingent workers and its impact on overall hiring trends. There’s also a challenge for employees. Hiring Trends Report.

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

Analytics in HR

The 3 key benefits of algorithmic management The 3 most important challenges of algorithmic management Recommendations for implementing algorithmic management. Like any technology that offers such substantial benefits, algorithmic decision-making is a double-edged sword and comes with several challenges. What is algorithmic management?

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Recruiting Is Only Getting Tougher [infographic] – Friday Distraction

HR Bartender

Today’s infographic from our friends at iCIMS, shows data from their 2015 Hiring Trends report. An elongated time to fill can create challenges for employers which can affect their bottom line. CEB’s Global Labor Market Survey projects the average vacancy cost as $500 per day per open position. Their 2016 Recruiting Goals.”

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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 center maintenance costs.