article thumbnail

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.

article thumbnail

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 262
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

5 ways to strengthen your onboarding and boost ‘time-to-productivity’

HRExecutive

After breaking down cross-industry data for this measure, we provide guidance for how you can interpret your own benchmarking results and what to do if your onboarding process isn’t where you need it to be. For a comprehensive assessment of your onboarding performance, don’t benchmark this measure alone.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

article thumbnail

Headcount Planning: An HR Practitioner’s Guide

Analytics in HR

Mapping out a strategy of all the positions you need to hire and the recruitment expenses that go with it (job ads, staffing agency fees, onboarding costs) enables you to make an informed decision in planning your budget to account for your staffing requirements. Review the data you have in your HRIS, ATS and your headcount reporting.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.