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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). 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

“Build vs. Rent” is a common dichotomy in technology buying, but what does it mean when applied to workforce intelligence? But, as more and more HR organizations grow their analytics function, I’ve noticed that not all journeys are the same. Building your Workforce Intelligence Solution. Hardware purchase and maintenance.

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People Analytics and HR-Tech Reading List

Littal Shemer

This list of People Analytics and HR-Tech books is not exceptional. I find here inspiration, blended with practical guidance and validation for my practices, mixed with new ideas and innovative tools, but most of all, an “open door” to a professional community , which I’m happy and honored to be a part of it.

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California Minimum Wage: What Small Businesses Need To Know

Homebase

In 2016, California approved a statute to increase the minimum wage yearly starting in 2017. This Senate Bill (SB) planned for the hourly rate to reach $15 in 2023, with inflation adjustments up to a maximum of 3.5%. Based on the 2016 SB 3 , and inflation adjustments, California’s minimum wage is $15.50

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Top 10 Performance Management software – 2022

HR Shelf

What is performance management software? What are the top 10 performance management software? Questions to ask on Performance Management Software Demos? Why is Performance Management software ? Choosing the best performance management software. Top 10 Performance Management Software. Final Advice.

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Background Screening Impacts the Candidate Experience

HR Bartender

In HireRight’s 2015 Employment Screening Benchmark Report , 51 percent of organizations said that finding and retaining talent was their top business challenge. They also understand that the term candidate experience extends beyond interviewing to all aspects of the recruiting cycle, including background screening.

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Tired of Employee Turnover? Increase Retention with this Easy to Implement Cost-Free Solution

Payactiv

Turnover is costing you exorbitant amounts of money every year and HR departments have been fighting it for decades. Offering this solution has been proven to decrease attrition within 30, 60, 90 days by 36%, 29%, and 24% respectively.- The reality of the situation is that a solution to this problem is far past due. .