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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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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. Data center maintenance costs. Analysts to determine metric definitions and create reports. Data warehouse software licenses.

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Is Your Company Suffering from High Attrition Rates?

Professional Alternatives

High attrition rates aren’t just a nuisance for hiring managers – they can have a significant negative effect on the company’s budget. Replacing a worker can cost around 20 percent of their salary, according to a 2012 Center for American Progress study. Contact us today to learn more about our employer services.

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Retail Worker Scheduling

nettime solutions

For many retailers across the US, hiring is an issue on all levels , including associates, middle and upper management. The cost of losing retail workers may be bigger than you think. According to the report: Losing a worker who earns under $30,000 a year can cost you roughly 16% of their salary.

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How Resume & Employment Verification Protects Employers

Cisive

When Johnson Kane co-founded the Education Fellowship Trust in 2012, he presented an impressive CV that claimed the government had put him on the board of the British Airports Authority before it was privatized, that he had run a venture capital bank and that he was high up in John Lewis, when in fact he was a shop floor salesman.

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The Case for Sharing — and Understanding — Human Capital Metrics

Cornerstone On Demand

Yet when evaluating a given company's worth, investors still rely on performance metrics that largely ignore an organization's brainpower. No wonder universal talent metrics are a touchy subject. Leadership depth , including succession planning and internal hires. Discussion and analysis to explain the metrics.

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Will Web-Era Trade Schools Create Tomorrow's Talent Pool?

Cornerstone On Demand

A recent onslaught of development bootcamps, dubbed the new "web-era trade schools" by The New York Times, are angling to provide a quick, cost-effective on-ramp into coding careers for entry-level and mid-career workers alike — while also creating a pipeline of skilled talent to meet the demands of the 21st century workforce.