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The New Recruiting Metric: First Year Retention

UpstartHR

Today I want to talk about first year retention, a measure that I believe is going to continue to grow as a recruiting metric, even though many companies wouldn’t consider it even remotely linked to recruiting as of today. We were spending hours recruiting, training (each employee received over a dozen hours of training before starting work), and coaching these people, only to have all of that effort wasted. What do you think of first year retention as a metric?

Five Awesome Recruitment Metrics for Tech Innovation Success (How to Link Workforce Metrics With Business Outcomes, Part One)

Visier

The first in a four-part series on linking workforce metrics to business outcomes, this post looks at five indispensable recruitment optimization measures that will help you move the needle on tech innovation — without breaking the bank. An overfocus on these metrics leads to hiring that is faster, cheaper…and (from a talent quality perspective) typically worse. Must-have recruitment metric #2: New hire performance by lead source.

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HR Metrics – Connecting Goals to Organizational Strategy

New to HR

Human Resource Metrics are a crucial way of analyzing the successes and failures of your department’s outreach, influence, programs and processes. Allow your metric data to guide you financially and highlight your best talent, serving as proof of your impact and a record of progress. Your metrics will show you whether the outcomes of employee training, engagement exercise and any other talent-related communication was monetarily worthwhile.

Cost-to-Hire: Don’t Spend $100s to Earn Pennies

Cornerstone On Demand

According to the Brandon Hall Group , the majority of organizations have a very limited grasp on true cost-to-hire metrics — especially for poor hires. Only five percent of companies evaluate candidates during the sourcing and screening process. An effective screening process, including pre-hire assessments, can reduce the cost of a bad hire by 45 percent. How often do you make bad hires?

The Results of Our HR Metrics Best Practices Survey Are In!

HR Daily Advisor

The HR Daily Advisor’ s HR Metrics Survey, conducted in April 2015, sought to gain a better understanding of how metrics are being utilized in the field of human resources. Does HR use metrics to gauge its own performance as a department? What metrics do respondents find to be the most useful? Some Highlights from the HR Metrics Survey: The most popular metric among participants was turnover, which is measured by 78% of the response pool.

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. Dropbox is committing to unconscious-bias training for all it’s employees (over 1,200 people), and to regularly release data on the diversity of its workforce. Here are a few demographic metrics you should be monitoring: 1.

Join #panTalentChat #Webinar Can Data Help You Hire Better?

TalentCulture

How can we use talent analytics and metrics to answer the same basic six questions we always need to ask? The results will indicate how to revise scoring metrics going forward, and how to maximize successful hires. How much does a bad hire cost — in lost productivity, mistakes, and the cost to recruit, onboard, and train a new hire? Comparing hiring data to critical metrics for success, you can demonstrate the financial impact of a good hire.

Data 67

Predicting Employee Performance

New to HR

From analyzing metric data that shows which educational institutions and other companies produce the best talent to getting to grips with the psychology of the human brain, predicting performance is a skill HR experts are using more frequently when it comes to recruitment and the ‘assessment’ of current employees.

Is It Time for Wearable Tech in the Workplace?

Asure Software

To further the legitimacy of wearable technology in the workplace, here are several ways your organization might leverage wearables to advance your business: For training: Headsets and GoPro cameras can help co-workers share their on-the-job experiences in real-time or on demand. Large campus environments: Wearables (like Hitachi’s device) can be deployed to capture employee interactions, movements, metrics, and experiences. By Tom Loveland, Global SVP of Product Strategy.

Dynamic Reporting Tool Analytics Drive Results

Aurico

They want to be able to effectively report background screening metrics during the ultimate challenge from a regulatory agency’s audit.” Timely Answers Best in class reporting tools make background screening raw data meaningful by translating it into useful information and giving answers in real time. Therefore, reports should be easy to create and require minimal training or IT support. Background Screening Hiring Pre-Employment Services

15 Recruiting Techniques to Hire Like Box

Entelo

Fast forward to 2015, Box is a publicly traded company with nearly 1,600 employees, and the cloud is a virtual seventh heaven. We took note of Box's sourcing tactics, and the metrics and tools they used to build one of the top hiring orgs of all time. Did you have a formal training program for getting recruiters ramped up? There was no formal training. We were driven by metrics in a bit of a different way.

6 Myths (And Realities) About HR Tech You Need to Know About

Spark Hire

Once you’re familiar with the technology, then you’ll need to train your staff to use it. Here are a few common HR tech tools and the metrics you can use to better test for success: Video interviews: Video interviews are all about speed and screening. How much time passed from when a candidate was sourced to when they were screened, interviewed, and eventually hired?

Q&A with Shawnee Irmen, Vice President of Talent Acquisition, Golden Living

SkillSurvey

This is where training with facts and examples comes in handy. I believe that HR is responsible for training managers how to not only screen candidates, but how to conduct and close an interview as well as how to follow up or respond to candidates after the interview takes place. Giving a manager training and ensuring they are confident, comfortable and prepared to screen, interview, select and communicate with candidates is highly important.

Training Tips for When You Need to Improve Your Quality of Hire

HR Daily Advisor

Let’s take a look at how to train your hiring team on improving the recruiting process and making the right hires: Create Candidate Profiles. Use Metrics. Take a look at what metrics your hiring team is measuring. The prehire metrics should look at things like source of hire. However, if they’re spending more time and resources on calling in dozens of candidates, they may need to be trained on how to properly screen. Use metrics to find your best channel.

The Judo Of The CDO: The 3 Sutras Of The Modern Information Blackbelt

SAP Innovation

Cultivate the art of believability by capturing, measuring, and publishing business metrics and benefits experienced such as productivity gains, increased sales of products and services, and improved service. The CDOs and I were treated to a private screening of the documentary film by Sandy Smolan, The Human Face of Big Data. Last week I was grateful to host 35 chief data officers in Palo Alto for the 2 nd annual MIT Chief Data Officer Forum West event.

4 Top Trends To Watch: HR Meets Technology

SAP Innovation

Congratulations, class of 2015! Most likely that will turn into smartwatches in the blink of a screen. From recruiting and search portals to training and other services, the bottom line in user adoption — and engagement — is simplicity. Mobile is normal: Does the class of 2015 even have the patience to sit down at a laptop and do a job search? It’s time for a new breed of data analysts who can harness into metrics and analytics from anywhere.

The Judo Of The CDO: The 3 Sutras Of The Modern Information Blackbelt

SAP Innovation

Cultivate the art of believability by capturing, measuring, and publishing business metrics and benefits experienced such as productivity gains, increased sales of products and services, and improved service. The CDOs and I were treated to a private screening of the documentary film by Sandy Smolan, The Human Face of Big Data. Last week I was grateful to host 35 chief data officers in Palo Alto for the 2 nd annual MIT Chief Data Officer Forum West event.

Digital Addiction Or Habit?

EverFi - HR

Experts agree that screen time does not reliably indicate problematic technology use. Smartphones now come with built-in tools that allow users to track their screen time. Users can receive real-time metrics that track how much time they have spent on specific apps and tasks. Technology users have also turned to meditation and mindfulness training.

Measuring Recruiting’s Impact Beyond Source of Hire

Workology

Susan LaMotte, CEO and founder of exaqueo, doesn’t hang her hat on a source of hire metric either, but instead looks at “source of influence.” So, why no love for the source of hire metric? In their 2015 Candidate Behavior Study , CareerBuilder determined that “on average, job seekers use 18 different sources when searching for a job—a steady increase from previous years and reinforcing the idea of the consumer candidate.”

Be careful! These books can change your career: People Analytics and HR-Tech reading list

Littal Shemer

It is written for people with no knowledge of R, with step-by-step print-screen instructions. HR is most powerful when it plays a strategic role, makes use of information technology, and has tangible metrics and analytics. Data-Driven HR: How to Use Analytics and Metrics to Drive Performance. How should I prioritize investments like training and development? Predictive HR Analytics: Mastering the HR Metric. Alec Levenson (2015). Gene Pease (2015).

Ten years after self-reflection

Thrive Global

Once more I associated myself with community service at a movie club, Cineclube UFMG, promoting free screening in two cultural establishments. The blog then became a voluntary project aimed at training people to do the same I was doing. Together we won three times The Topblog Brazil Awards in the Marketing category, in 2011, 2012 and 2015.

Engagement isn’t magic. Unless it is.

Rallyware for Human Resources

I’ve been known to log an hour or four in front of the high-def color screen, ingesting the comedy/drama/sports/mystery the content providers have to offer. A highly engaged workforce not only maximizes your human capital investment and improves productivity, but it can also significantly reduce costs, (turnover, recruiting, training) that directly impact the bottom line. According to a 2015 Gallup report, less than one-third (31.5%) of U.S.

What Happens When You Standardize Your Interview Process

Entelo

This reduces ambiguity and gives you clear metrics through which you and your hiring managers can make a clear decision at each stage. The first thing to do is standardize your interview questions for each stage (phone screen, initial interview, final interview, etc) and make sure each candidate gets the same amount of time in an interview. Think about the worst interview you’ve ever had.

Understand Important Trends in Recruiting and Hiring in 10 Minutes

Paycor

What’s your magic hiring metric? Start with the positions you hire for most or that have the most financial impact and build your metrics from there. Applicant Screening. For example: Pre-screening questions – If there are “deal breaker” conditions for certain roles, you can eliminate applicants who don’t meet the requirements. Establish clear performance metrics. Social Media and Background Screening: If it’s on the Internet, Isn’t it Fair Game?

How to build a social media recruitment strategy: An FAQ guide

Workable

Social media sourcing: Tools, training and process. How can recruiters use social networks to screen candidates? Where can I find training courses for recruiting with social media? Here’s the breakdown by popularity, according to a 2015 Society for Human Resources (SHRM) study that surveyed recruiters : LinkedIn (96% of recruiters surveyed indicated they used LinkedIn). Evaluate only job-related information when you’re screening candidates on social networks.

The Art of Building a Solid Human Capital Strategy

Paycor

Having a grasp of certain metrics – such as offer acceptance rates, where your candidates are coming from, how long it’s taking you to fill certain roles, reasons an applicant wasn’t hired – can make the recruiting process more targeted and effective. Providing training and coaching.

Outfit your HR Department with Advice from a Chemist Turned HR Leader

AllyO

Bennett: .

The Best Employee Retention Articles and Resources from Across the Web

ForUsAll

It also offers its full-time employees an average of 350 hours of training every year and has a low 13% full-time staff turnover rate.”. The metric we should be tracking is something I call “people movement,” and it’s the oxygen pulsing through a business.”.