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The Reason Companies Should Calculate Cost Per Hire

HR Bartender

I believe the goal of calculating CPH is to provide organizations with a benchmark for their recruiting activities. For example: If the company decides that it’s going to buy a recruiting software solution because it will save the company money, how will they know the return on their investment if they don’t calculate cost per hire?

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

Visier

Let me illustrate the differences between the Build and Rent paths by returning to our example of the software company from earlier. These were their results, compared to the software company that followed the Build path: This side-by-side comparison shows the advantages of choosing the rent option for the datafication of your HR function.

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Gain Actionable Insights Using Three New UKG Ready Benchmarking Features

UKG

Gain Actionable Insights Using Three New UKG Ready Benchmarking Features michael.reschke Wed, 08/16/2023 - 10:25 Main Image Background Color Blue Body Benchmarking allows you to compare important data to find the most effective way to manage your talent, increasing productivity and efficiencies and giving you a competitive edge.

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Which Recruitment Metrics Are Right For You – Cost Per Hire?

ExactHire

And let’s say you do know which KPIs will serve you well…how do you then decide on appropriate benchmarks for each metric for your business? Mitigating Factors for CPH Benchmarking There is a direct relationship between cost per hire and time to fill (another metric to be discussed in the next installment of this series).

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Why Benchmarking 2.0 is a Must-Have for Influential HR Leaders

Visier

It was difficult to tell, for example, whether a surge in employee turnover was something that required action. In this first wave of benchmarking, HR was provided with static comparison data that was typically 24 months old. Enter HR Benchmarking 2.0: Delivered within an analytics platform , HR benchmarking 2.0

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

Visier

Let me illustrate the differences between the Build and Rent paths by returning to our example of the software company from earlier. These were their results, compared to the software company that followed the Build path: This side-by-side comparison shows the advantages of choosing the rent option for the datafication of your HR function.

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8 Questions to Ask for Effective HR Reports

EmployeeConnect

It’s critical to evaluate staff strengths and weaknesses, training, education and the company’s current and long-term needs to determine which information and benchmarks are critical for defining progress or indicating that remediation is needed. Do we agree on definitions? What format communicates the message best?