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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. Now, I get it…there’s lots of talk about quality of hire being the best recruiting metric. However, it is a complicated metric by comparison. There are some old school metrics that still provide value.

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Recruiting Is Only Getting Tougher [infographic] – Friday Distraction

HR Bartender

I believe one of the key metrics in recruiting is time to fill. It’s also a very flexible metric. The reason I think this is an important metric is because time to fill has an impact on how companies make decisions. Their 2016 Recruiting Goals.”

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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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The Optimal HR to Employee Ratio

Analytics in HR

This metric provides a ratio that is indicative of the efficiency of HR. This is significantly higher than their 2016 benchmark , which reported an average of 2.32 All these factors make up the unique metric that is your HR to employee ratio. The average and 75 th percentile are almost identical, indicating that 2.7

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Talent Pool Shortage: Stop the Panic and Start the Progress

Spark Hire

In fact, according to ManpowerGroup’s 2016/2017 Talent Shortage Survey 40 percent of employers globally are having trouble filling positions — the highest shortage since 2007. We are very metrics-driven and know exactly how many people need to be screened, submitted, and interviewed across all our levels of placement,” Thompson said. “If

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5 Must-Read Talent Acquisition Articles of 2016

Visier

This was a recurring theme that we saw in 2016, and thanks to analytics , Talent Acquisition has graduated from a simple candidate filling function to a strategic arm that has a direct correlation to an organization’s bottom line. Measure for Measure: The Evolution of Recruiting Metrics. Talent Acquisition has re-invented itself.

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What is HR Analytics?

Analytics in HR

According to them, HR analytics is the systematic identification and quantification of the people drivers of business outcomes (Heuvel & Bondarouk, 2016). The strategic HR metrics course. Metrics are a starting point for analytics. The best known scientific definition of HR analytics is by Heuvel & Bondarouk.