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The Reason Companies Should Calculate Cost Per Hire

HR Bartender

Personally, I’m a big fan of the cost per hire metric. 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). Now, I get it…there’s lots of talk about quality of hire being the best recruiting metric.

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

Visier

To achieve this, the company hired an HR business intelligence team, standardized their reporting metrics, and invested over $3 million in a data warehouse and business intelligence (BI) software. Analysts to determine metric definitions and create reports. Data warehouse software licenses. Data integration tools licenses.

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Top Five Turnover Causes in Healthcare

HSD Metrics

We also have over 25 years of normative (also known as a benchmark) data that has been collected through ExitRight® our flagship product. Since we first published this data in 2012, workload and job demands have risen in importance, while the need to feel recognized, appreciated and respected has shifted down two spots, industry-wide.

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HR Analytics – The “GPS” of True HR Transformation

Visier

Demonstrating the business value that HR provides by putting metrics in place. Redefining the metrics of success, with metrics focused on business challenges rather than favored, traditional (read “non-business relevant”) HR metrics. Numbers behind HR – benchmarking & analytics. Enabling HR service delivery.

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People Analytics and HR-Tech Reading List

Littal Shemer

The readers will develop insights into the topics like primary metrics, KPIs, and processes involved in different HR subdomains like recruitment and employee engagement.” Tracing changes in a global sample of firms, it provides an international benchmark against which to measure a company’s HR practice.

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Webinar: October Web Summit - The Data you Need to Know to Win Over the CFO

Paycor

Paycor reviewed proprietary data from nearly 30,000 customers and found that many standard HR and recruiting metrics are tactical, in that they track project management, or, at most, basic dollar-in, dollar-out cost analysis. The most successful HR teams map people management metrics to business outcomes.

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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.