Benchmarking Talent Acquisition: Increasing Spend, Cost Per Hire, and Time to Fill

Bersin with Deloitte

I’m excited to announce that the highly-anticipated Talent Acquisition Factbook 2015: Benchmarks and Trends in Spending, Staffing, and Key Recruiting Metrics was published today.[1] Hiring & Onboarding HR & Talent Analytics HR Strategy & Benchmarking Human Resources Sourcing & Recruiting Talent Acquisition Strategy Talent Acquisition Tech Tools & Technology

IPO Recruiting and Metric Benchmarking with Redpoint Ventures' Amy Knapp

Entelo

Among the other topics we stumbled across were: Benchmarking what success looks like based on company size, previous performance, and other areas. How recruiting metrics can serve as a thermometer for internal company health. Recruiting Metrics IPO recruiting

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CAPITALIST WEBINAR! Six Ways to Make Your Recruiting/Talent Metrics More Strategic

The HR Capitalist

Flash forward 12 months since the launch of those basic recruiting metrics, and you''re bored. The FOT webinar makes it''s 2015 debut with Six Ways to Make Your Recruiting/Talent Metrics More Strategic – And Make Managers Own Their New Hires (click to register).

Cost-per-hire metrics, demystified

Workable

Cost-per-hire (CPH) is one of the most intriguing recruiting metrics. SHRM and ANSI define this additional cost-per-hire metric. This metric can be more useful than CPH. Companies that use this metric consistently, have its one great advantage in mind.

What’s Your Most Useful Metric? More Results of Our HR Metrics Survey

HR Daily Advisor

In yesterday’s Advisor , we shared some of the results of our nationwide survey on HR metrics. 604 individuals participated in the HR Daily Advisor ’s HR Metrics Survey, conducted in April 2015. Compensation-Related Metrics. Benefits and Metrics.

How HR Can Tackle Diversity Using the Rooney Rule

Visier

In August 2015, the need for more workforce diversity was spotlighted in a big way when President Obama issued a call to action to technology companies, encouraging them to hire more women and minorities by implementing the Rooney Rule. Metric to watch: Diversity of interviewed candidates.

The CFO Playbook: 10 Metrics to Transform Your HR Team

Paycor

In 2015, 20% of business leaders trusted HR to use data to anticipate and fill talent needs. Download our CFO playbook to discover: - 10 key metrics HR teams must track. Benchmarks to see how your business stacks up * Harvard Business Review

7 Survey Lessons For Employee Engagement

Outmatch

You want the ability to benchmark your results with other companies in your industry. Employee Screening Hiring Feedback HR Metrics HR Thought Leadership Management turnover WorkforceAccording to Gallup, companies with highly engaged employees have 3.9

Why Pipeline Value Is the Most Important Metric To Marketing

SAP Innovation

What makes this metric so appealing is its ability to directly pinpoint marketing’s influence on revenue. CRMs not only house revenue and campaign data, but are also the first place sales and executive teams look for metrics.

4 New Ways to Help Analyze Talent Pools

TalentHQ

Tapping internal Big Data – Another interesting concept is that critical benchmarks for talent and performance can be derived from existing organizational data. Hiring Metrics Talent Management big data digital featured Social Media talent research

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Keeping Those Candidates on the Line

HR Daily Advisor

Start on Tuesday, October 20, 2015, with a new interactive webinar— Hone Those Recruiting Skills! Join us Tuesday, October 20, 2015, for a new interactive webinar, Hone Those Recruiting Skills! Tuesday, October 20, 2015.

The Future Of HR Will Be Dramatically Different, So Better Plan Now

TLNT: The Business of HR

FREE WEBINAR: Wednesday, May 27, 2015 at 2 pm Eastern/11 am Pacific. Who are the benchmark firms that are already leading the way? How historical metrics will be replaced with a forward-looking data-driven HR model that “influences” managers with data and predictive analytics.

Why Data Should Matter To The Everyday HR Leader

nettime solutions

With all of the talk about the types of HR data and which measurements should be reviewed and analyzed, it’s difficult to determine which key metrics are the most pertinent to you and your business. Work smarter, not harder.

How Workforce Analytics Can Take You Beyond The Clock

nettime solutions

These metrics are derived from: Performance. New hire metric focus on: Pipeline and success rate. These metrics can help translate and transform your entire organization’s performance beyond the clock.

Cliché Your Way to Talent Acquisition Success

Outmatch

So, what’s holding people back from moving ahead with talent metrics? The 2014 Global Assessment Trends Report from The Corporate Executive Board (CEB) found only half of respondents use talent metrics to prove ROI of talent or help inform business decisions, and only 45 percent currently use objective measures of potential to guide development and succession plans. We’ve all heard these clichés before: “the numbers don’t lie” and “the proof is in the pudding.”

Align Your Compensation Strategy with Business Priorities

Compensation Today

As we found in the 2015 Compensation Best Practices Report in about half of the companies we surveyed, the CEO is primarily responsible for setting compensation budgets, while the Head of HR is primarily responsible for setting compensation structures. Tess C.

The top 10 recruiting mistakes employers must avoid

Compensation Today

Companies should regularly benchmark wage data before settling on a compensation package for a new hire. Hire based on potential and traits, not metrics. Tess C. Taylor, PHR, The HR Writer Let''s face it. Recruiting today takes guts.

Get Onboard the HR Analytics Movement

Brandon Hall

Source: 2015 Brandon Hall Group HCM Technology Trends Study (n=365). An analytics strategy starts with using ad hoc metrics and reports to understand “what happened.” Metrics versus Analytics. Here are a few examples of each: Metrics.

4 Steps to Turning Your Expense Data into a Powerful Asset

Insperity

In a 2015 study by PayStream Advisors , 56 percent of businesses said that cost reduction is their top focus for improvement this year, while 41 percent said overall process automation was among their goals. Compare actual spend to a benchmark.

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How do Compensation Planning Tools work?

HRsoft

Thus it has specific goals and associated metrics with which to measure progress towards the stipulated objectives so that there is no vagueness or confusion in what the compensation dollars are actually achieving.

#Employee Feedback Is The Killer App #HR

TalentHQ

New research by MRInetwork shows that 90% of recruiters surveyed believe that “candidates are now in charge” – the highest this metric has been in five years. The new vendors are building standard questions, producing industry benchmarks, and creating enterprise reporting to meet this need.

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Executive Compensation 101: What to Consider

HR Daily Advisor

Benchmark not just against your own industry, but other industries that have similar skill sets. Other metrics?). Is your company bringing a new executive on board sometime soon? How do you decide the appropriate level of compensation?

Build It. Improve It. Measure It.

Outmatch

It all starts with developing qualitative metrics around values and performance. First, it’s important to understand that in helping you to develop qualitative metrics, we are not trying to make a judgment call on values. What’s “it?”. “It”

Lessons from our research: Ways to build a diverse, inclusive organization

HR Times

Posted by Josh Bersin on December 17, 2015. Global Human Capital Trends 2015 Explore the trends. More than two-thirds of the companies we surveyed in the Deloitte Global Human Capital Trends 2015 research told us they are redesigning their performance management process.

Severance Snapshot: Severance and Outplacement Trends in the Banking and Financial Industry

RiseSmart

Severance Snapshot: Severance and Outplacement Trends in the Banking and Financial Industry The RiseSmart Team Friday, May 29, 2015.

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Big Brother and Your Company Brand

HR Daily Advisor

Start on Wednesday, October 28, 2015, with a new interactive webinar— Supervisors and Managers as Recruiting Partners: Practical Strategies for Collaborating to Achieve Hiring Success. When these numbers are the same, they represent the benchmark standard.

HR Must Modernize to Meet New Employee Demands

Oracle HCM - Modern HR in the Cloud

There’s an element of big data that allows you to benchmark yourself against other organizations in your industry. You can put rules around certain metrics you want to see on a regular basis. By Rick O'Herron.

Severance Snapshot: Severance and Outplacement Trends in Health Care

RiseSmart

Severance Snapshot: Severance and Outplacement Trends in Health Care The RiseSmart Team Thursday, May 7, 2015. Other metrics in which the health care field underperforms in terms of severance and outplacement include: .

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Here's How Measuring Time To Hire Is Hurting Your Recruiting

Entelo

In recruiting, being good at your job has traditionally been broken down into three key metrics – how much you’re spending to find people, how long it takes to fill a position, and how well an employee performs in the role.

How Scarcity and Attrition Might Ruin Recruitment Planning

HR Daily Advisor

Recruiting is a challenge for 2015. Learn what’s happening in the real world with our new research report, Recruiting Best Practices: Finding and Attracting Talent in 2015’s Challenging Business Climate. What do benchmark data reveal about industry and occupation trends? Anticipated Supply 2015 = Sum of 2014 Anticipated Supply – Anticipated Exits – Anticipated Retirements. Further results of a supplemental survey on recruitment metrics and costs.

5 Questions Senior Leadership should be Asking HR

Cielo HR Leader

Although cost-per-hire is a useful metric for benchmarking whether your recruitment function is under-resourced or operating at peak performance, solely calculating direct cost-per-hire ignores the full organizational cost of recruitment.

2016 Turnover Rates by Industry

Compensation Force

If you aren't already familiar with their Benchmark Pro and other survey products, please check them out! Links for historical Turnover Rates: 2008 , 2009 , 2010 , 2011 , 2012, 2013 , 2014 and 2015. Metrics/Analytics Turnover

The Truth about Data-Driven Recruiting

Brandon Hall

When I conducted our talent acquisition benchmarking effort, I asked hiring organizations to select the phrase that best described the maturity of their talent acquisition efforts. We aren’t tracking any performance metrics.

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What Makes Effective B2B Content Marketing? [SLIDESHARE]

SAP Innovation

This was one of the key highlights of the sixth annual B2B Content Marketing: Benchmarks, Budgets, and Trends report from Content Marketing Institute (CMI) and MarketingProfs released last week. 2016 B2B Content Marketing Benchmarks, Budgets and Trends Report from MarketingProfs.

Demystifying Big Data to Make Better Hires

Cielo HR Leader

Establish Benchmarks. Use the information on hand to create organizational benchmarks for quality indicators and process measurements, such as time-to-fill, source-of-hire and what areas or departments are producing the best talent. Then, use those metrics to benchmark against industry standards. The era of Big Data is upon us, and forward-thinking HR leaders are turning smart use of talent analytics into a competitive advantage.