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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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11 Important Employee Relations Metrics To Track

Analytics in HR

Employee relations metrics measure employee engagement, satisfaction, and retention, as well as overall workplace culture. According to an HR Acuity report , tracking employee relations metrics has multiple business benefits. What are employee relations metrics? Contents What is employee relations?

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HR KPIs: Guide, 20 Examples & Free Template

Analytics in HR

In this article, we dive into the details of KPIs in HR. We will discuss what HR KPIs are and how you can use them, provide a framework for setting them up for your HR department and organization, and share a handy HR KPI template. Contents What are HR KPIs? How does HR use KPIs to support organizational needs?

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HR’s Guide to Analyzing and Lowering Attrition Rate

Analytics in HR

The attrition rate indicates the percentage of employees who leave an organization compared to the average population employed over a specified period. This guide will detail how to calculate attrition rate, factors that impact attrition, and how to analyze your company’s attrition rate score. They are more short-term.

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30+ Recruitment Metrics You Should Track

Peoplebox

Table of Contents Why Are Recruitment Metrics Important? Important Recruitment Metrics to Track (Why it Matters and How to Calculate) Summing Up Frequently Asked Questions Get your recruitment right, and you set your company up for growth – it might sound like a cliche, but ain’t one.

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25 Workforce Management Metrics You Should Track

Analytics in HR

Workforce management metrics are critical for understanding and optimizing how businesses manage their employees, yet many struggle to use them effectively. Real-time workforce management metrics that provide instant insights into productivity, engagement, and resource allocation can offer a competitive edge.

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What is HR Analytics? All You Need to Know to Get Started

Analytics in HR

This has a significant impact on organizational performance , leading to as much as a 25% rise in business productivity, a 50% decrease in attrition rates, and an 80% increase in recruiting efficiency. Example: Exploring recruitment data to discover the key attributes of an ideal candidate for a particular position.)