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Introduction to Recruiting Metrics FAQ

Workable

Recruitment metrics help you gauge the effectiveness of your recruitment process. Here are frequently asked questions and answers about recruiting metrics to help you understand recruiting data and use it to boost your hiring: Intro to Recruiting Metrics. What are recruiting metrics? What can you learn from recruitment metrics? Which are the most important metrics to track? Who should be tracking recruiting metrics?

How to Evaluate the Success of Your Company’s Onboarding Program

HR Bartender

(Editor’s Note: Today’s post is brought to you by our friends at SilkRoad , a global leader in Talent Activation. At this year’s HR Technology Conference and Expo, SilkRoad announced a strategic partnership with CareerBuilder to provide client companies an enhanced onboarding experience. At some point, all company programs have to be evaluated. Organizations don’t want to spend their time and resources doing something that brings no value.

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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. 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). 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. If you know how to use them.

Recruiting email metrics: how to measure your email success

Workable

Recruiting email metrics help you measure the impact of your messages. Whether it’s to find out if a referred candidate would be a good fit for your company, or to inform a past candidate about a new job, use metrics to shed light on your digital recruiting techniques. Here are four types of metrics you can use to analyze your recruitment emails : Measuring recruitment email open rate. How to calculate recruitment email open rate.

Recruitment process effectiveness metrics FAQ

Workable

Metrics help you identify strengths and weaknesses of your hiring process. How do you calculate qualified candidates per hire? What’s a good benchmark for qualified candidates per hire? How can we improve qualified candidates per hire? How can we reduce interviews per hire? How do you improve hiring velocity? What is the “Screened Candidates to Face-to-Face Interviews” metric? What are talent pipeline metrics? Time to fill.

Job offer acceptance rate metrics FAQ

Workable

Job offer metrics help you measure the quality of your job offers and, by extension, your recruitment process. Here are frequently asked questions and answers on job offer metrics: What is the offer acceptance rate metric? How do you measure an offer acceptance rate? What’s a good benchmark for offer acceptance rate? How do you improve your offer acceptance rate? What is the “Reasons Offers are Being Accepted” metric?

Time to fill and time to hire metrics FAQ

Workable

Here are frequently asked questions and answers on time to fill and time to hire to help you plan, assess and optimize your hiring timeline: What is time to fill? How do you calculate time to fill? How do you calculate average time to fill? What’s a good benchmark for time to fill? How can we reduce time to fill? What is time to hire? What’s a good benchmark for time to hire?

The Art, Science and Impact of Implementing Data-Driven HR in 2017

Cornerstone On Demand

[This article reprinted by permission of Human Resource Executive ®] Data has been the driving force behind innovation in finance, sales and marketing for years, while human resources has struggled to keep up. According to Deloitte’s 2016 Global Human Capital Trends report , 77 percent of companies believe that using “people analytics” is important, but the capabilities are lacking. So, how can HR work to fill the skills gap?

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How to build a strategic hiring plan

Workable

Hiring managers open requisitions, only to withdraw them when learning they don’t have full buy-in from the leadership team. Recruiters are then forced to perform an awkward song and dance to the candidates they’ve already engaged. Do we have the human capital to meet those challenges next year? Here’s some advice on how to plan your recruitment next year: How to build a hiring plan. How does the hiring plan process unfold?

Quality Over Quantity—Choosing the Right Recruiting Metrics: The 7 metrics that matter, and the 7 that don’t (as much)

Visibility Software Recruiting

In our last post, we reinforced the message that companies must always be recruiting, and we highlighted five steps an organization can take to launch an ABR initiative. Once you have a firm recruiting foundation, the next logical step is to begin measuring whether your extra efforts are yielding results. What recruiting metrics should you be measuring, and how can you effectively gather the needed information? Time to Fill versus Source to Close.

How to Improve Culture Using Real-Time Data

Reflektive

You know that a strong, positive company culture is key to energizing employees and maximizing ROI. But, it can be difficult to improve your company culture in a way that has lasting impact. Here, we provide a how-to guide for defining, collecting and responding to real-time data to continuously iterate on and improve employee engagement in a scalable way. A strong, positive company culture is key to energizing employees and maximizing ROI.

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Recruiting costs FAQ: Budget and cost per hire

Workable

Here are frequently asked questions and answers about recruiting costs to help you plan your budget, monitor your cost per hire and optimize your spending: What is cost per hire? How do you calculate cost per hire? What’s a good benchmark for cost per hire? What’s a good benchmark for recruiting costs? How do I calculate my recruiting budget? What’s a good benchmark for a recruiting budget? How do you calculate cost per hire? What is time to hire?

Seven Steps to Meaningful Diversity and Inclusion Metrics

i4cp

In the world of business, metrics hold a special place—and rightfully so. When it comes to this concept, the success of diversity and inclusion (D&I) programs is no different. To drive and guide a successful plan to diversify an organization or businesses group and make them more inclusive, we need to be able to measure our progress. The metrics and models to apply them in various situations filled eight pages.

How to build a strategic hiring plan

Workable

Hiring managers open requisitions, only to withdraw them when learning they don’t have full buy-in from the leadership team. Recruiters are then forced to perform an awkward song and dance to the candidates they’ve already engaged. Do we have the human capital to meet those challenges next year? Here’s some advice on how to plan your recruitment next year: How to build a hiring plan. How does the hiring plan process unfold?

Top 5 Takeaways from the 2017 ASHHRA Conference

Precheck

Top 5 Takeaways from the 2017 ASHHRA Conference Sep. 26, 2017. The 2017 American Society for Healthcare Human Resources Administration (ASHHRA) Conference took place this past week in the Emerald City of Seattle, Washington. Each time we onboard a new group of employees, engage in a meaningful conversation, we create a connection culture,” Gary Pastore, 2017 ASHHRA Board President, stated during the opening ceremony on Sunday. We need to focus on teamwork.

The most important skills recruiters need and how to cultivate them

Workable

Here’s a list of the most important recruiting skills and how to develop them: Strategic skills recruiters need. Through social media, professional networks and sourcing tools , recruiters have access to a wealth of information about candidates’ profiles. The challenge is to filter this information and use it to assess only job-related data. Use interview scorecards to ensure you ask all candidates the same questions.

Quality Over Quantity—Choosing the Right Recruiting Metrics: The 7 metrics that matter, and the 7 that don’t (as much)

Visibility Software Recruiting

In our last post, we reinforced the message that companies must always be recruiting , and we highlighted five steps an organization can take to launch an ABR initiative. Once you have a firm recruiting foundation, the next logical step is to begin measuring whether your extra efforts are yielding results. What recruiting metrics should you be measuring, and how can you effectively gather the needed information? Time to Fill versus Source to Close.

HR Leaders Guide to Digitalisation Transformation

EmployeeConnect

The primary objective behind digital transformation is to improve the level of performance and productivity and exceed business goals. Acting as leaders within the HR function, they need to walk their talk and portray the true picture of digital transformation within their own team. This article serves as a roadmap to guide HR leaders through digital transformation within their own organisation. This will help in identifying the key areas to focus.

Yield Ratio: All You Need to Know

Analytics in HR

However, a yield ratio is also an HR metric that greatly improves your recruitment and selection process. It is a must-use metric for any manager, recruiter, or HR team. This guide will tell you everything you need to know about the yield ratio. How to calculate yield ratio.

7 Metrics That the Most Data-Savvy Recruiting Teams Are Tracking

Linkedin Talent Blog

So, if you want to match their growth, recruiting domination and innovation rates, you must shift to their data-driven recruiting approach. Without that shift, not only will you consistently fail to recruit top talent, but also you will have literally no chance of landing the more difficult-to-recruit innovators. But few also know that having a complex and time-consuming application processes will cause you to lose as many as 9 out of 10 of your qualified applicants.

What Is Performance Appraisal? – Examples

EmployeeConnect

The performance appraisal definition can vary tremendously depending on the organisation and how much weight managers and executives give to the process. Advanced organisations carry these evaluations further by using them to identify candidates for skills development, succession planning , cross-training and promotions. The following information will help managers to define appraisal as it impacts their organisation’s culture and business goals.

10 Reasons To Shift To A Data-Driven High Business Impact HR Model

Visier

As a result of being the top challenge for such a long period of time, it is clear that CEOs and board members fully understand the value of Human Capital, but they have also learned to expect a higher rate of strategic change than most HR functions have been able to deliver. Unfortunately, a study by AICPA revealed that only 12% of CEO’s were confident with Human Capital metrics. 10 Reasons To Shift To A Data-Driven High Business Impact HR Model.

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Building an Award-Winning Company Culture with Pamela Walshe

Everwise

She has also been an Everwise mentor for over two years, and offered to share her expertise with our community. There is a wealth of research coming out about company culture, examining everything from what a positive culture looks like to pinning down exactly what the ROI of spending resources on it is. Walshe explains that some companies make much more concerted efforts in this area, which leads to decisive success. Next, move on to the creation phase.

What You Need to Know to Jumpstart Your 2018 HR Strategies

Kazoo

It’s a time to set budgets, goals and expectations, in hopes of hitting the ground running come January. To make the most informed decisions, they must look both outside and inside their own organizations and ask questions like “What’s working for other companies, and what’s not working for my own? From technology innovation to cutting-edge strategies that view the workforce in a whole new way, the HR industry is going through a radical change.

What You Need to Know to Jumpstart Your 2018 HR Strategies

Kazoo

It’s a time to set budgets, goals and expectations, in hopes of hitting the ground running come January. To make the most informed decisions, they must look both outside and inside their own organizations and ask questions like “What’s working for other companies, and what’s not working for my own? From technology innovation to cutting-edge strategies that view the workforce in a whole new way, the HR industry is going through a radical change.

A true HR strategy is about more than HR

HR Times

Elevating HR’s role to drive a sustainable business future. Posted by Arthur Mazor , Amy Sobey and Ken Kunkleman on November 15, 2017. And, only 22 percent feel confident that their organization is adapting well to employees’ needs. Coupled with workplace and workforce disruptions, the challenge to HR is clear: step it up, or you could lose your seat at the table. However, the majority of organizations do not understand their culture or know how to evolve it.

The problem with employee wellness programs

Workable

Companies usually turn to them to reduce health costs, but they’re often ineffective, poorly crafted and discriminatory. Instead, companies should focus on less intrusive ways to encourage wellness, and let employees manage their own health. Perhaps the biggest problem with corporate wellness programs is the visceral reaction most people have to being subjected to a mild form of eugenics. Traditional programs use metrics that are not always accurate.

3 Ways to Ensure Fair Pay in Your Organization

Compensation Today

Fair pay is important — but what does it mean to pay fairly? Read below for three ways to start defining pay parameters that ensure fair pay. Paying to Market. One key way to ensure fair pay is to align pay for a given role with the market value of that job. Paying to market does not have to mean aligning every single person’s pay to a certain percentile of the market. Click To Tweet. We want to hear from you.

What is the average time to hire by industry?

Workable

How does your time to hire measure up against companies that compete for the same candidates as you? Here’s research on the average time to hire by industry and business function, plus a few ways to optimize your timeline. How do you define time to hire? Hiring takes anywhere from a few days to four months , according to LinkedIn’s 2017 global survey. Time to hire can be: Used interchangeably with time to fill.

The problem with employee wellness programs

Workable

Companies usually turn to them to reduce health costs, but they’re often ineffective, poorly crafted and discriminatory. Instead, companies should focus on less intrusive ways to encourage wellness, and let employees manage their own health. Perhaps the biggest problem with corporate wellness programs is the visceral reaction most people have to being subjected to a mild form of eugenics. Traditional programs use metrics that are not always accurate.

Hiring process FAQ: A guide to structured recruitment

Workable

The hiring process involves various stakeholders, methods, tools and metrics. Understanding how it works is the first step toward hiring great employees. Here are some frequently asked questions about the hiring process and tips on how to make your hiring more effective: Structuring the hiring process. How should we manage hiring process workflow? How many candidates should I have in the candidate pipeline? What is the average time to fill?

Why Investing in a Talent Management System Should Be a Priority at Your Dealership

Hireology

As a dealer, you likely frequently face the debate of how to allocate your budget and resources to make your dealership more profitable. Most dealerships have between nine and 25 systems in place to effectively run the business – and the decision of which new technology to invest in is often overwhelming. With so many solutions in place to run your dealership, you may have lost count of how many systems you use for various HR processes.

21 HR tools designed for growing companies

Workable

To aid your search, we assembled a few promising tools for some of the most important HR techniques, like recruiting, performance management, employee training and employee engagement. Here are some tools to support your recruiting process: With candidate screening. Plum.io : A tool that uses screening surveys and behavioral science to match candidates with hiring teams and roles. Use Codility to create tests , evaluate candidates’ code and connect with the best programmers.

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Five Barriers to Improving Employee Engagement

Energage

And How Top Workplaces Prevent These Challenges on the Engagement Journey. After much debate about the merits of employee engagement, even the most critical executives will now admit employee engagement is a tremendous asset to an organization – perhaps even a strategic advantage. Deloitte’s 2017 Global Human Capital Trends report pointed to “The Employee Experience: Culture, Engagement, and Beyond” as a top trend. We’d be crazy not to listen to them.

5 New Skills Communicators Need to Thrive

SocialChorus

Top Pain Points Felt by Today’s Communicators Source: 2017 Survey by SocialChorus & And Then Communications. As technology drives changes to the work environment, reaching all employees at once has become a major “pain point.” CEOs are increasingly relying on their communications teams to smooth the transition — 87% say that fostering employee alignment with strategic change is key, and 84% say increasing employee engagement is a primary objective. .