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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. According to SHRM, the average cost per hire in 2016 was $4,129. I believe the goal of calculating CPH is to provide organizations with a benchmark for their recruiting activities. 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

The race to adopt workforce intelligence is heating up: according to the Deloitte Human Capital Trends 2016 report , “companies are no longer ‘stuck in neutral’ in their deployment of people analytics… Indeed, analytics capabilities will be a fundamental requirement for the effective HR business partner.”. Data warehouse software licenses.

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How Big Should Your HR Staff and Budget Be?

Compensation Force

While this is a question best answered in the context of your unique talent strategy -- what it will take to execute that strategy to drive organization success and what role HR plays in making that happen -- benchmarks can sometimes provide a helpful reference point. HR Budgets. population drove down per capita costs.

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How Assessments Create Successful Manufacturing Hires

TalentCulture

A 2016 MRI survey on recruiting found that 80 percent of all hires are mistakes that cost companies time and money. Metrics for Better Performance. Companies can also establish benchmarks based on existing best-performing employees — a new but proven strategy that’s catching on. Want to make the right manufacturing hires?

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2016 Turnover Rates by Industry

Compensation Force

The information in the following charts - both voluntary and total turnover rates - has been drawn from CompData's 2016 edition of their annual BenchmarkPro Survey, which features data submitted by more than 30,000 organizations. . . . . . . . . . . . . . . . . . . .

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How to Handle Tricky Problems With Contractors: 5 Tips for HR Teams

Hppy

We’ll explore various aspects of working with contractors such as setting expectations, conflict resolution, overcoming roadblocks, tracking performance metrics and insurance considerations. Establishing metrics designed specifically for contractor evaluation can facilitate this process.

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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. Harriott (2016).