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The Reason Companies Should Calculate Cost Per Hire

HR Bartender

I think it provides valuable information. I believe the goal of calculating CPH is to provide organizations with a benchmark for their recruiting activities. I think it provides valuable information. Every once in a while, I run across an article that talks about why organizations shouldn’t calculate cost per hire.

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Minimizing turnover risk for today’s workforce: 4 key priorities

HRExecutive

Benchmarking voluntary turnover Voluntary turnover calculates the percentage of total employees who leave an organization of their own accord. Data from APQCs Open Standards Benchmarking Database shows that at the median, organizations lose one out of every 10 employees to voluntary turnover.

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Workforce Planning is a Team Sport: Collaborating for Success

MP Wired For HR

Data-Driven Decision Making Combining financial data—such as budgets and costs— with HR metrics, including talent acquisition and turnover rates, allows organizations to make informed decisions. Regular meetings and updates can help both teams stay informed about each other’s objectives, challenges, and achievements.

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Replacement Planning: 3 Steps to Develop Your Organization’s Strategy

HR Bartender

Using that as your benchmark, which positions must be filled in less time? And you should have much of this information from your workforce plan and staffing analysis. Again, your staffing analysis should contain this information. According to SHRM , the average time to fill an open position is 42 days.

Strategy 329
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What Is the Top HR Priority in 2021? Attracting and Retaining Talent

The 2021 Gallagher Workforce Trends Report: People & Organizational Wellbeing Strategy is informed by thousands of organizations across the United States, who participated in Gallagher’s 2021 Benefits Strategy & Benchmarking Survey. As employers look to restaff, incorporating employee retention efforts is vital.

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Driving 2025 transformation: Why HR leaders choose Bob

HiBob

With advanced AI-driven insights, Bob helps HR leaders make data-informed decisions that enhance productivity and alignment across the organization. Navigating HR tasks in a distributed workforce can be challenging, especially when people need quick access to forms or information from remote HR teams.

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How 3 Organizations Solve the Skills Challenge with People Data

Visier

By profiling their employees and better understanding them, businesses can assemble a ‘skill inventory’ that can be benchmarked against standards for their industry or geographical area. Then, it suggests growth opportunities to workers as action items, empowering them to upskill or reskill based on their own interests.

Data 366
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Using the Candidate Experience to Gain a Competitive Advantage

Speaker: Kevin W. Grossman, TAS, HCS | Talent Board and the Candidate Experience (CandE) Awards President

However, the fundamentals of a good recruiting process and a good candidate experience remain constant. In today's competitive landscape, ensuring consistent communication and feedback loops is critical.

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The Wellness Council of America’s (WELCOA’s) 7 Benchmarks to Building a Results Oriented Wellness Program

Speaker: Ryan Picarella, President, WELCOA

The Seven Benchmarks are an important part of building a results-oriented workplace wellness program. Ideas to create a wellness team (formally or informally) among your employees. Organizations that are dedicated to the health of their employees are given a structure to help their organizations through the Well Workplace Process.

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Benefits benchmarking data for better employee and organizational wellbeing

See where you stand against trends informed by nearly 4,000 employers and face your future with confidence. Recognize your strengths and identify opportunities to retain valuable employees, increase employee engagement and achieve organizational goals.

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Flip the Script: Winning Tactics for Recruiting High-Quality Candidates

Speaker: Apple Musni, Vice President, People Partner at Chipotle Mexican Grille

Traditional recruiting methods use informal processes, which can result in time-consuming analyses that do not always produce high-quality recruits. Adopting a data-driven recruitment strategy will help teams allocate budgets, identify hiring issues, and benchmark their organization's hiring requirements.

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How the Candidate Experience Is Your Competitive Advantage

Speaker: Kevin W. Grossman, TAS, HCS | Talent Board and the Candidate Experience (CandE) Awards President

We see how improving these aspects positively impacts brand affinity, referrals, and the business bottom line every year. This shows that the candidate experience is your competitive advantage.