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The Reason Companies Should Calculate Cost Per Hire

HR Bartender

Every once in a while, I run across an article that talks about why organizations shouldn’t calculate cost per hire. Personally, I’m a big fan of the cost per hire metric. Basically, here it is: CPH = (External Recruiting Costs + Internal Recruiting Costs) / Total Number of Hires for a Time Period.

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Replacement Planning: 3 Steps to Develop Your Organization’s Strategy

HR Bartender

And recruiters will want to have a say in how that plan is developed. Or it could be an added step in the existing process. Using that as your benchmark, which positions must be filled in less time? While organizations are working hard to hire, engage, and retain the best talent, it would be naïve to think employees never leave.

Strategy 259
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Sourcing vs. Recruiting: The Key Differences and Processes Explained

Analytics in HR

According to research from LinkedIn’s Future of Recruiting , 87% of talent acquisition (TA) professionals indicate that recruiting is becoming more strategic. This indicates a shift in the role of recruiting leaders towards a focus on driving business change. What is recruiting? Contents What is sourcing?

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How To Set Your Recruitment Goals In 2024

Analytics in HR

If you’re wondering why recruitment goals are important, consider this: With unemployment at its lowest level in over 50 years , organizations are fiercely competing to land the best candidates to fill their vacancies. Today’s hiring teams are under intense pressure to raise the bar. Contents What are recruitment goals?

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Using the Candidate Experience to Gain a Competitive Advantage

Speaker: Kevin W. Grossman, TAS, HCS | Talent Board and the Candidate Experience (CandE) Awards President

For the past few years, employers have been plagued by erratic hiring and employee turnover. Recruiters are stressed as a result of the numerous strategies for recruiting, hiring, and retaining employees. However, the fundamentals of a good recruiting process and a good candidate experience remain constant.

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Workforce Planning is a Team Sport: Collaborating for Success

MP Wired For HR

The Importance of HR and Finance Collaboration Benefits of Collaboration The collaboration between HR and finance departments yields numerous advantages that can transform the workforce planning process: Improved Workforce Productivity: By aligning HR strategies with financial planning, organizations can optimize workforce productivity.

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Headcount Planning: An HR Practitioner’s Guide

Analytics in HR

The process ensures that the organization operates with the set budget to hire or retain the correct number of people with the appropriate skills and competencies to achieve its goals. Engaging in the headcount planning process has multiple benefits for the organizations. Solid recruitment plans.

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Flip the Script: Winning Tactics for Recruiting High-Quality Candidates

Speaker: Apple Musni, Vice President, People Partner at Chipotle Mexican Grille

Traditional recruiting methods use informal processes, which can result in time-consuming analyses that do not always produce high-quality recruits. With the amount of software and data available today, teams can now create a data-driven recruitment process to help them select the right candidate and make efficient hiring plans.

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How the Candidate Experience Is Your Competitive Advantage

Speaker: Kevin W. Grossman, TAS, HCS | Talent Board and the Candidate Experience (CandE) Awards President

Over the past year, employers have been plagued with frenetic hiring and employees quitting. Recruiters are getting stressed out since recruiting, hiring, and retention strategies are all over the place. As a result, candidate resentment is continuing to grow.

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Un”comp”licating Compensation - Building a Brand People Want to Work for

Speaker: Kathy Steele, CEO, Red Caffeine

It is critical to showcase your company culture, establish an employer brand foundation, and modernize your talent strategy. Why a comp campaign must consider the whole employee experience from recruitment and engagement through retention. Simple steps you can take to benchmark your employer branding plan and measure its success.