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The Reason Companies Should Calculate Cost Per Hire

HR Bartender

Back in 2012, the Society for Human Resource Management (SHRM) worked with the American National Standards Institute (ANSI) to create a uniform standard calculation for cost per hire (CPH). I believe the goal of calculating CPH is to provide organizations with a benchmark for their recruiting activities.

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

Visier

They currently support only 200 users, yet have a 15-person analytics team: a team size even large enterprises can only dream of, and a team five times larger than necessary — t he benchmark is one analytics team member per 3500 staff in an organization.

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#HotInHR: What work will be like for the class of 2018, Want the best results from AI? Ask a Human …

Advos

Wages have been rising since 2012, and recently surpassed the benchmark set in 2000. It’s been a slow climb, but after a decade of steady recovery, young graduates’ economic prospects overall are the brightest since 2007. Related: Job market hot, but new grad salaries virtually flat (Staffing Industry Analysts).

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Employee Benefits: Traditional & Creative Trends

Affinity HR Group

The US Department of Labor notes that the percentage of private industry workers with access to flexible healthcare spending accounts increased from 36% in 2012 to 43% in 2021. These averages show the evolving standards in PTO offerings and can be a helpful benchmarking tool.

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Care Standards Act 2000: What Is It And What Does It Mean?

uRoster

The core aim is to enforce minimum regulatory standards and compliance benchmarks. Examples include: Good Practice in Continence Services The National Service Framework for Older People Department of Health No Secrets guidance, protecting vulnerable adults and preventing abuse The Health and Social Care Act 2012 The Mental Capacity Act.

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Performance Appraisal: The Ultimate Guide

Analytics in HR

Have the tools to set future performance goals – The goals and benchmarks your company is achieving now are a good indication of what goals to set in the future and at what pace your business can achieve them. Why are performance appraisals important? They were also more motivated to improve their performance.

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The Art, Science and Impact of Implementing Data-Driven HR in 2017

Cornerstone On Demand

HR professionals are generally very good at reporting and benchmarking, but not as good at more sophisticated analytics. A Mercer survey found that 69 percent of business executives do not believe HR professionals possess an adequate skill level to perform more sophisticated analysis.