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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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The 4 Key Elements of An Effective Recruiting Strategy

HR Bartender

I’m talking about when there’s an open job, we have to decide if we will fill it from within, hire someone from the outside, or maybe even outsource the work to a consultant. BUY is where the company hires workers from the outside. And the organization needs to make sure the new hire acclimates to the company culture.

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How Does Payroll Outsourcing Maximize the Efficiency of Your HR Team 

Hppy

But, if you can outsource it to a trusted partner, you can save a lot of time and labor for your HR team. . Payroll outsourcing to a third-party vendor can reduce many risks and bring the benefits like: Enhanced Productivity . The time spent on payroll management takes them away from the core tasks of hiring and onboarding. .

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What employers ask when considering outsourcing benefits admin

WEX Inc.

Are you spending too much time and resources trying to keep up to date with compliance changes and providing the technology and services your employees need for a positive benefits experience? If you answered yes to either of these questions, you may consider outsourcing your benefits administration. Download now!

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What is Headcount Reporting? A Complete Guide for Employers

HR Lineup

Headcount reporting is a critical aspect of workforce management that helps organizations maintain a clear understanding of their staffing levels and resource allocation. This data enables employers to make strategic decisions around hiring, budgeting, and workforce planning.

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The Right Way to Cut Costs

HR Digest

As HR leaders, managing budgets and finding ways to cut costs without compromising employee satisfaction and productivity can be a daunting task. But how can you ensure that you are making the right cost-cutting decisions? So let’s dive in and discover the key principles of cost-cutting that every HR leader should know.

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How to Build a Staffing Model for Your Business

Replicon

This is where a staffing model can help. A staffing model helps the HR department envision its future staffing needs and build a roadmap to fulfill them promptly. Businesses can use the staffing model to hire, maintain, and retain the talented workforce that they would need definitely or indefinitely for various projects.