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How To Link Recruiting Metrics To Business Outcomes

Cornerstone On Demand

According to LinkedIn's 2017 Global Recruiting Trends Report , "quality of hire" is the top recruiting metric that hiring managers care about—and for good reason. Employees are your most valuable resource, and with 40 percent of today's Fortune 500 companies predicted to go out of business over the next 10 years, hiring the right people is crucial for your survival. And, on a more basic level, people want to work with great people.

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INTERVIEW: Dr. Jac Fitz-enz on Human Capital Metrics

HR Bartender

Which is why I’m very excited to share with you today’s interview. But before we start, I want to share how I learned about Dr. Jac Fitz-enz. I’ve told this story before but I’m going to tell it again. budget and staff) we needed to achieve our goals. When it came time for me to talk about projects and needs, sometimes I would get what I wanted and sometimes I didn’t. I was determined to find out what they were doing that I wasn’t.

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How to Improve Recruiter Efficiency By Slaying Dirty Data Issues

Visier

As unemployment rates continue to drop and the competition for talent in key roles heats up, talent acquisition leaders have little choice but to work smarter. Recruitment’s impact ripples out across the employee lifecycle. Every time a recruiter gets the right person in the right seat, the benefits from measurable improvements in employee performance has an impact on bottom-line outcomes such as new sales, product improvements, or increased patient satisfaction scores.

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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 does KPI mean in recruitment? What are recruiting metrics? What can you learn from recruitment metrics? More Recruiting Metrics.

Enriching the Employee Experience

Speaker: Isaac Mallory, Director of Sales & Business Development at HR Performance Solutions, and Jennifer Dickey, HR Consultant and speaker for HR Performance Solutions

Issues with employee engagement and productivity continue to grow. The power has shifted from employer to employee as employees now have the choice to be very selective about their employer. Top talent knows they can leave mediocre organizations for thriving environments. Understanding and enhancing your internal talent is critical for companies to drive results that will positively impact and contribute to your bottom line. Implementing strategies that support an engaging employee experience will help your company be successful in attracting and retaining that top talent.

Futureproof Your Organization with These 8 Manager Effectiveness Metrics

Visier

Editor’s note: The organization of the future will be more agile and flexible, requiring a new team structure to support these characteristics. Whether your organization is ready to adapt these new roles or wishes to coach current managers to be more effective, this updated article provides the key metrics you need to measure their success by. . Here are two distinct sets of metrics for each type of manager. How to get it: .

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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. reply to your email or call you.).

Recruitment process effectiveness metrics FAQ

Workable

Metrics help you identify strengths and weaknesses of your hiring process. Here are frequently asked questions and answers on recruitment process effectiveness: What is qualified candidates per hire? How do you calculate 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?

ICYMI: How to Create a Culture of Feedback From Scratch

Cornerstone On Demand

Editor's Note: In today's fast-paced news cycle, we know it's difficult to keep up with the latest and greatest HR trends and stories. To make sure you're updated, we're recapping our most popular articles every month in our " In Case You Missed It " series. How to Make Your Feedback System a Force For Positive Change Effective feedback practices have shown a direct impact on some of the most important HR metrics, but they aren't always the easiest to implement.

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How to Improve Recruiter Efficiency By Slaying Dirty Data Issues

Visier

As unemployment rates continue to drop and the competition for talent in key roles heats up, talent acquisition leaders have little choice but to work smarter. Recruitment’s impact ripples out across the employee lifecycle. Every time a recruiter gets the right person in the right seat, the benefits from measurable improvements in employee performance has an impact on bottom-line outcomes such as new sales, product improvements, or increased patient satisfaction scores.

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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). Basically, here it is: CPH = (External Recruiting Costs + Internal Recruiting Costs) / Total Number of Hires for a Time Period. According to SHRM, the average cost per hire in 2016 was $4,129. If you know how to use them.

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How to measure talent pipeline metrics

Workable

Talent pipeline metrics help you measure the effectiveness of your sourcing strategies in finding and engaging those candidates. Here’s a primer on five common talent pipeline metrics and how to calculate them: Source of hire. Source of hire shows what percentage of your overall hires entered your pipeline from each recruiting source (e.g. This information helps you plan your recruiting budget and allocate resources for the most effective recruiting channels.

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.

Candidate experience metrics FAQ

Workable

Here are frequently asked questions and answers on candidate experience metrics to help you create a welcoming hiring process for candidates and strengthen your employer brand: What is candidate experience? How do you measure the candidate experience? How do you measure the applicant experience? How do you improve career page conversion rates? How do you measure application time? How do you measure candidate experience? Data analysis tools (e.g.

Five Recruiting Tips to Increase Diversity in the Workplace

TalentCulture

A new Deloitte survey finds companies’ interest in diversity in the workplace is focused on bias in recruiting and the use of new tools to reduce this bias. 68% of companies they surveyed measure and monitor diversity and inclusion in their recruiting. The appeal of diversity in the workplace is recognized by both sides of the recruiting equation. Deloitte’s research finds diverse and inclusive workplaces are: 2x more likely to meet or exceed financial targets.

Why Recruiters Should Consider Structured Interviews

Achievers

Too many recruiters and hiring managers ask interview questions that reflect their biases, increasing the likelihood that they don’t fairly compare candidates. Even worse, many recruiters just “wing it” when conducting interviews because they claim that’s the best way to, “get a real feel for the candidate.” You may not be so unstructured as to totally wing it in an interview, but think of all the small talk you probably make over the course of interviewing someone.

Who Wants to Be a Metric-Aire?

marenated HR

If you’ve been in HR for any amount of time, you know that people want to hear about metrics. Whether it’s a vendor telling you about their metric heavy dashboard, a VP of Talent Acquisitions spouting the metrics she watches, or a recruiting admin trying to make sense of the numbers his boss is throwing at him, metrics are a big part of the job. Are you an #HR genius but unsure about what part metrics play? Metric #2 – Quality of Hire.

Why Recruiters Should Consider Structured Interviews

Achievers

By: Anna Peters (with College Recruiter ). Too many recruiters and hiring managers ask interview questions that reflect their biases, increasing the likelihood that they don’t fairly compare candidates. Even worse, many recruiters just “wing it” when conducting interviews because they claim that’s the best way to, “get a real feel for the candidate.” Allowing your biases to influence your hiring decision can result in hiring a bunch of people you just, well, like.

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.

Alarming Statistics on Employee Engagement for 2017

Kazoo

When someone asks for a live demonstration of our social recognition software , we first ask them a few questions to get the skinny on how we might be able to help. The frequency of these types of survey results helps explain why employee engagement is the top human resource challenge in the next three to five years. up to $605 billion each year in lost productivity. Social recognition platform? The upside to nailing this connection is monumental.

3 HR Metrics That Matter

Zenefits

Today’s technology gives us easy access to more data than ever before, allowing us to measure anything and everything. In fact, according to Deloitte’s 2017 Global Human Capital Trends report, 71 percent of companies report that people analytics – “using digital tools and data to measure, report and understand employee performance” – is a high priority in their company. Second, it reflects innovation and use of technology.

Key HR metrics: The most important metrics you should track

Workable

HR metrics measure how effective the results of your HR operations are, including elements such as employee retention and recruiting. That’s why they’re a great ally to your job as an HR professional – because they’re a way of identifying issues you didn’t know existed or pinpointing problems. But, your time is limited and you probably can’t track every metric in the book. So what are the key HR metrics that should be part of your standard HR metrics dashboard

The Best of 2017 to Inspire You for 2018

Kazoo

WELCOME to the New Year. It’s 2018, and what better way to start off an amazing year than by looking back at the amazing things that happened last year? Here are five of our top posts, most read and watched by YOU in 2017, to inspire you for an even better 2018!

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How to improve your recruiting process

Workable

Refined recruitment processes are efficient, productive and pleasant for both candidates and hiring teams. Here are a few ways to improve your recruiting process: Craft clear and attractive job ads. Work with your company’s hiring managers to create job descriptions that: Provide useful and specific details about open roles. Distinguish between “must-have” and “nice-to-have” requirements so as not to discourage candidates who could learn secondary skills on the job.

Five Facts About Using A Recruitment Chatbot

TalentCulture

With today’s tighter labour market, candidate experience has become increasingly important to attract talent. Will the next wave of recruiting involve the use of a recruitment chatbot? Randstad found 82% of job seekers believe the ideal recruiter interaction is a mix between innovative technology and personal, human interaction. . On the flip side, it’s a challenge for employers to communicate well with all their candidates.

HR Metrics that Matter: Learn to Drive Sustainable Business Processes

HR Daily Advisor

We tend to overcomplicate with scorecards and dashboards, says Shane Yount. If metrics don’t answer the question, “Are you winning or losing?” Yount is chief operating officer and principal at the international consulting firm, Competitive Solutions, Inc. How to Use Scorecards. Use this system: Metrics are visible. Metrics set the tone. Metric performance sets the agenda and also the duration of meeting.

The Key to Employee Engagement: Your Net Promoter Score

HR Bartender

(Editor’s Note: Today’s post is brought to you by Workify , an all-in-one people management software platform. Workify is a technology-enabled service that helps companies measure and trend employee engagement over time through continuous feedback loops. It’s sad to say but businesses don’t appear to be really moving the needle when it comes to employee engagement. Now let’s take the NPS concept and apply it to employee engagement.

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 should be included in recruiting costs? What’s a good benchmark for recruiting costs? What should be included in a recruiting budget? How do I calculate my recruiting budget? What’s a good benchmark for a recruiting budget?

How to Turn Your Employees into Brand Advocates

TalentCulture

Empowering employees to publicize and promote your organization as a brand advocate can give you a clear edge in the war for talent, experts agree. The recent trends toward marketing employer brand and leveraging social recruiting have opened up the possibilities of expanding engagement with passive talent and allowing employees to become an essential part of the mix. ” Done right, this can be a profitable way to attract talent. Those stories are recruiting gold.

7 common HR technology challenges and how to overcome them

Insperity

Small and mid-size businesses share many challenges when it comes to HR technology. This includes everything from disparate systems that don’t communicate seamlessly with each other (e.g., one system for payroll, another system for time tracking and another for employee benefits management), to disruptive software upgrades and limited reporting capabilities. So, what common challenges can new HR technology help your business overcome?

How to be a successful recruiter: Advice for each hiring stage

Workable

That could be the shortest job description for a recruiter. But a glimpse at a recruiter’s typical agenda shows that their day-to-day tasks are not as simple as you might think. Here are recruiters’ top responsibilities broken down by stages of the hiring process, along with advice on how to be a successful recruiter at each stage: At the beginning of the hiring process. Be consultative, especially to less experienced hiring managers.

How to Hire More Diverse Talent Using Workforce Analytics

Visier

Editor’s note: Improving workforce diversity and inclusion continues to be a top priority for CEOs around the world. In this update of a previous post, we look at what leaders are doing – and can do – to advance diversity in the workplace. The CEOs that have signed this pledge recognize that taking action is about being more thoughtful in granting everyone equal access to employment opportunities and also opening your doors to a wider range of talent.

Yello’s Top 10 Talent Acquisition Posts of 2017

Yello

As you finalize your talent acquisition strategy for the new year, don’t let 2017 frustrations stand in the way. This round-up features Yello’s top 10 articles that address the most common talent acquisition pain points, such as identifying the most relevant recruiting metrics, streamlining chaotic career fair recruitment initiatives and keeping a passive talent pipeline engaged. What is Automated Interview Scheduling and Why Recruiters Need It.

Applicant Tracking Systems Guide

ClearCompany Recruiting

Applicant Tracking Systems: Everything to Know & Look for in an ATS By: ClearCompany Updated: December 2017. What is an Applicant Tracking System? How Do Applicant Tracking Systems Work? Applicant Tracking System Benefits. Applicant Tracking System Pricing. Applicant Tracking System Comparison. Applicant Tracking System Articles. How applicant tracking systems work. Applicant tracking system benefits.

How to send recruiting emails to candidates: An FAQ guide

Workable

Effective email communication with candidates helps you build a strong brand, both as an employer and as a recruiter. From reaching out to passive candidates, to rejecting candidates with grace, our guide on recruiting email manners will help improve your communication with candidates. Here are some frequently asked questions about how to email candidates: Who should email a passive candidate about an open position: a recruiter or a hiring manager?

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.

5 Key Human Resources Predictions For 2017

Vibe HCM

In preparation for my upcoming keynote speeches in 2017, I spent a great deal of time this January researching the most prominent trends occurring, and burgeoning, in the Human Resources sector. As a direct outgrowth of this research, I thought it would be valuable to share the most likely continued trends and predictions in Human Resources for 2017. The Learning and Development Function Will Continue to be a Challenge. Telecommuting Will Continue to Expand.

5 Key Human Resources Predictions For 2017

Vibe HCM

In preparation for my upcoming keynote speeches in 2017, I spent a great deal of time this January researching the most prominent trends occurring, and burgeoning, in the Human Resources sector. As a direct outgrowth of this research, I thought it would be valuable to share the most likely continued trends and predictions in Human Resources for 2017. The Learning and Development Function Will Continue to be a Challenge. Telecommuting Will Continue to Expand.

Yello’s Top 10 Candidate Experience Posts of 2017

Yello

From a job seeker’s initial search to the final interview, each step of the hiring process impacts the candidate experience and affects a prospect’s decision to accept an offer. As you head into 2018, fine-tune your candidate experience strategy to attract and hire top talent. Read on to find out how to enhance your candidate experience in 2018. How to Deliver the Ultimate Candidate Experience. Why Your Time-to-Hire is Too Long.

Why Hiring More HR Analysts Won’t Improve Your Analytics Function

Visier

Great HR leaders excel at finding untapped potential in their people, increasing their efficiency, and maximizing their contribution to the company’s strategic objectives and financial performance. Their contribution to company objectives has effectively been reduced to pulling numbers and using them to make graphs for the quarterly reports. It leads to reactive HR strategies instead of proactive analysis. How can you show ways to increase revenue per employee?

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