Recruitment Operations Statistics and Trends: A 2020 Benchmark Report

Yello

Metrics tell the story of how your business acquires talent, the speed in which you’re able to do so, and the costs and resources involved in the process. When it comes to recruitment operations benchmarks, understanding what’s going on outside your organization may be key to assessing whether you’re on point or behind the curve. Yello’s 2020 Recruitment Operations Benchmark Report reveals trends across multiple industries and a variety of job categories.

The Secret To Selecting and Measuring Key Employee Performance Metrics

EmployeeConnect

Measuring critical employee performance metrics offers organisations key benefits for attracting and retaining top talent while meeting operational imperatives. The primary benefits of employee performance metrics are tied to fostering better employee engagement, which enhances productivity, innovation, creativity, employee loyalty and longevity. That’s why today’s software applications for measuring key performance metrics are so valuable.

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Are You Tracking Gobal Payroll Metrics?

Immedis

Conducting regular and consistent benchmarking is made even more challenging when you include in-country providers who do not have established technology, despite being proficient in processing payrolls for their country. Payroll staffing – how over or under-staffed the payroll function is.

The Reason Companies Should Calculate Cost Per Hire

HR Bartender

Personally, I’m a big fan of the cost per hire metric. I believe the goal of calculating CPH is to provide organizations with a benchmark for their recruiting activities. CPH gives the company some estimate to consider when it comes to the cost of staffing the new location. 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.

CAPITALIST WEBINAR! Six Ways to Make Your Recruiting/Talent Metrics More Strategic

The HR Capitalist

Flash forward 12 months since the launch of those basic recruiting metrics, and you''re bored. The FOT webinar makes it''s 2015 debut with Six Ways to Make Your Recruiting/Talent Metrics More Strategic – And Make Managers Own Their New Hires (click to register). We''ve got the metrics to show you how to do that. You know what really gets under my skin?

Compensation Packages That Drive Executive Performance

Professional Alternatives

A lot of people simply assess the data out there on executive pay then benchmark their structure against that of an industry peer and this can be counterproductive when it gets to compensation packages.

Recruiting costs FAQ: Budget and cost per hire

Workable

What’s a good benchmark for cost per hire? What’s a good benchmark for recruiting costs? What’s a good benchmark for a recruiting budget? This metric is useful when you are creating or tracking your recruiting budget. What’s a good benchmark for cost per hire? Depending on the size of company and industry, a good benchmark is a value between $3,000 and $5,000. What’s a good benchmark for recruiting costs? Time to fill and time to hire metrics FAQ.

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. Bloomberg BNA's 2017 HR Department Benchmarks and Analysis Report (its 40th annual HR benchmarking study), based on the responses of 681 U.S. A few summary outtakes: HR Staffing.

A Strong Dose of Strategy

HRO Today

He supplemented this feedback with data, leveraging metrics like time to fill, number of hires, hiring manager satisfaction, candidate satisfaction, and industry benchmarks to identify opportunities and develop a business case for change. RPO & Staffing Talent Acquisition CHRO-Focused Article Magazine Article September-2019Four key principles guide talent acquisition at Fresenius Medical Care North America. By Marta Chmielowicz.

The Skills Lifecycle Part 2: Benchmarking isn’t Just for Baseball

Degreed

In 2002, the Oakland Athletics front office smashed the sacred cow of scout feedback and traditional metrics in favor of a more robust analysis of in-game performance. This analysis, known as sabermetrics , led the Athletics to make unconventional staffing decisions that enabled them to remain competitive against larger market teams, despite a significantly lower payroll. Benchmarking , the second phase of the Skills Lifecycle , involves measuring the skill-sets of your employees.

The Optimal HR to Employee Ratio

Analytics in HR

In this article, we will look at what the HR to employee ratio is, list factors that will influence this ratio, and give a benchmark of the HR to staff ratio. HR to employee ratio best practice Optimal HR to employee ratio benchmark. Optimal HR to employee ratio benchmark.

Easy Ways to Improve Your Healthcare Recruiting Process

Hireology

Outside of strategic time management, one of the easiest ways to put more time back in your day and get more done is to manage your daily, weekly, and monthly operations through the use of performance metrics. Recruitment Performance Metrics to Track.

How Healthcare Employers Can Manage Nursing Talent More Strategically

Precheck

Problems with the work environment were a major contributor to this restlessness, especially the lack of appropriate staffing. Only 39 percent of respondents said that they had adequate staffing with the right knowledge and skills at least 75 percent of the time. Employers have to address working conditions — including staffing levels — to reduce turnover and improve retention, she says. What are your pay benchmarks?

Talking Candidly About Workforce Planning for HR Executives

Cisive

Workforce planning and forecasting starts with measuring your teams efforts and metrics, understanding their limitations and the workloads they can handle to maintain optimum performance. Allocation planning looks to see if staffing needs can be met by reallocating current employees or if the business needs to access the external labor force. Commit to weekly or twice monthly meetings to share results, metrics, and challenges.

8 Questions to Ask for Effective HR Reports

EmployeeConnect

It’s critical to evaluate staff strengths and weaknesses, training, education and the company’s current and long-term needs to determine which information and benchmarks are critical for defining progress or indicating that remediation is needed. The ability to generate custom HR reports is critical because the benchmarking process varies widely among departments and company stakeholders.

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Build vs. Rent: Don’t Crash on the Do-It-Yourself Iceberg for People Analytics

Visier

To achieve this, the company hired an HR business intelligence team, standardized their reporting metrics, and invested over $3 million in a data warehouse and business intelligence (BI) software. Analysts to determine metric definitions and create reports. Workforce metrics, analytics, and visualization (What is the scope of the content provided to you?). However, the money invested and the staffing levels required are significant.

Talking Candidly About Workforce Planning for HR Executives

Precheck

Workforce planning and forecasting starts with measuring your teams efforts and metrics, understanding their limitations and the workloads they can handle to maintain optimum performance. Commit to weekly or twice monthly meetings to share results, metrics, and challenges.

Gaining Ground

HRO Today

They’re looking for more robust ways to track diversity metrics and for creative solutions to keep people at work. Because we’re a vendor-neutral MSP, we don’t own a staffing company,” says Luoni.

This Is The Tech Every Hospitality HR Manager Needs For Success

Owiwi

As hospitality businesses struggle to stay staffed up, a “ mercenary frenzy ” leads to lower-than-usual loyalty among workers who shop around for the best offer — and jump ship at the slightest opportunity for a greater wage. HR managers should use a three-part strategy, sourcing potential candidates through staffing and recruiting networks, employee referrals, and personal networks. Relentless turnover challenges the sanity of even the most composed hotel manager.

Tapping the top 3 sources of high-quality candidates

HR Times

3 Bersin by Deloitte Talent Acquisition Benchmarking Data, 2014. 5 For more information, The Talent Acquisition Factbook® 2011: Benchmarks and Trends in Spending, Staffing and Key Recruiting Metrics , Bersin & Associates / Karen O’Leonard, November 2011. 7 Talent Acquisition Factbook: Benchmarks and Trends in Spending, Staffing, and Key Recruiting Metrics , Bersin by Deloitte / Jennifer Krider, Karen O’Leonard, and Robin Erickson, PhD, 2015.

6 Areas Where People Analytics Can Help HR Get Ahead

Career Metis

Recruitment functions can use analytics tools to assess the effectiveness of their current processes against specific metrics. By correlating data relating to your pool of job applicants with these qualitative metrics, it’s possible to see where there may be improvement opportunities.

Build vs. Rent: Don’t Crash on the Do-It-Yourself Iceberg for Workforce Intelligence

Visier

To achieve this, the company hired an HR business intelligence team, standardized their reporting metrics, and invested over $3 million in a data warehouse and business intelligence (BI) software. Analysts to determine metric definitions and create reports. Workforce metrics, analytics, and visualization (What is the scope of the content provided to you?). However, the money invested and the staffing levels required are significant.

11 HR Analytics Courses Online

Analytics in HR

Courses range from top-level analytics knowledge, to actually doing analytics, basic statistical knowledge, HR data and metrics, and more. The course is taught by three professors and introduces you to the major areas of people analytics, including performance evaluation, staffing, collaboration, and talent management. R goes further than the traditional tools that are used for HR data benchmarking and analysis, like Microsoft Excel, Access, and SPSS.

35 IT Help Desk Statistics: How Does Your Team Stack Up?

Spoke

The first is by monitoring metrics and tracking your progress toward KPIs. But once you know how your team is doing today compared to how it was performing in the past, the next step is to benchmark your metrics against those of other companies. You can use the following 35 IT help desk statistics to benchmark your team’s performance against others in the industry. Staffing and salary statistics. Service desk metrics.

Find The Best Talent for Healthcare Quality

Cielo HR Leader

The first is tracking and evaluating key metrics for their organization’s financial performance. While commendable, measuring financial and care quality metrics without a focus on the talent that delivers and supports care may cause organizations to miss a critical component of the healthcare quality equation. Measuring financial and care quality metrics without a focus on the talent may cause organizations to miss a critical component of the healthcare quality equation.

Tapping the top 3 sources of high-quality candidates

HR Times

3 Bersin by Deloitte Talent Acquisition Benchmarking Data, 2014. 5 For more information, The Talent Acquisition Factbook® 2011: Benchmarks and Trends in Spending, Staffing and Key Recruiting Metrics , Bersin & Associates / Karen O’Leonard, November 2011. 7 Talent Acquisition Factbook: Benchmarks and Trends in Spending, Staffing, and Key Recruiting Metrics , Bersin by Deloitte / Jennifer Krider, Karen O’Leonard, and Robin Erickson, PhD, 2015.

15 HR Analytics Case Studies with Business Impact

Analytics in HR

Achieving an optimum staffing level. Another interesting HR analytics case study was about reaching optimum staffing levels. Absenteeism in this German 43,000 + people energy company has risen above benchmark. the UK retail business has systematically out-performed internal targets and external benchmarks, year on year. Business performance would increase if these three metrics would go up.

The 5 Steps of Analytics-Driven Workforce Planning

Analytics in HR

Maintain a sufficient level of staffing in order to deliver on their business model (the right time). Unfortunately, many companies still base their talent plans on unreliable sources and methods such as using country retirement age instead of actual retirement age data, outdated benchmarks, and financial headcount budgets with no historical trends or link to business strategy, and sadly, gut feel.

Why Change is an Opportunity for the Professional Services Industry

Workday

Professional services firms face intense pressure to increase profit and productivity, with new client revenue declining to the lowest level in the past nine years, according to the 2016 Professional Services Maturity Benchmark study from SPI Research. During the industry’s heyday in the ‘90s, it wasn’t uncommon to see big-money service contracts being staffed by workers who didn’t have the skills and qualifications best suited for the project.

How Workforce Analysis will Change Your Life as an HR Manager

Analytics Training

By implementing data analysis techniques into workforce management and HR job processes, you can now analyze many aspects of your organization including staffing, retrenchment management, job satisfaction levels of employees and more. Benchmarking If you intend to establish an environment which is just and fair for all your employees, workforce analysis will help you come up with benchmarks for performances.

This Is The Tech Every Hospitality HR Manager Needs For Success

Owiwi

As hospitality businesses struggle to stay staffed up, a “ mercenary frenzy ” leads to lower-than-usual loyalty among workers who shop around for the best offer — and jump ship at the slightest opportunity for a greater wage. HR managers should use a three-part strategy, sourcing potential candidates through staffing and recruiting networks, employee referrals, and personal networks. Relentless turnover challenges the sanity of even the most composed hotel manager.

Want to Know What Your Peers Are Doing to Strengthen Talent Acquisition?

HRExecutive

Here at nonprofit business-benchmarking organization APQC, we recently surveyed 552 companies from across the globe to learn how they’re approaching talent acquisition in this competitive landscape. Reskilling brings great benefits to the organization and employee alike, but if it’s only executed via classroom or computer-based training, it may be unfeasible for short-staffed organizations.

The candidate as customer

HR Times

1 Talent Acquisition Factbook 2015: Benchmarks and Trends in Spending, Staffing, and Key Recruiting Metrics , Bersin by Deloitte, WhatWorks Brief, April 2015. The new dynamics of talent acquisition. Posted by Arthur Mazor and Bill Cleary on November 15, 2016. The competition for talent is intensifying. Continuing economic growth is giving skilled employees more leverage in the job market, raising the bar for companies looking for a talent edge over rivals.

The candidate as customer

HR Times

1 Talent Acquisition Factbook 2015: Benchmarks and Trends in Spending, Staffing, and Key Recruiting Metrics , Bersin by Deloitte, WhatWorks Brief, April 2015. The new dynamics of talent acquisition. Posted by Arthur Mazor and Bill Cleary on November 15, 2016. The competition for talent is intensifying. Continuing economic growth is giving skilled employees more leverage in the job market, raising the bar for companies looking for a talent edge over rivals.

5 Questions Senior Leadership should be Asking HR

Cielo HR Leader

Although cost-per-hire is a useful metric for benchmarking whether your recruitment function is under-resourced or operating at peak performance, solely calculating direct cost-per-hire ignores the full organizational cost of recruitment. There are a number of metrics that your organization should be tracking to ensure performance is meeting strategic expectations in addition to the financial needs of your organization.

How Assessments Create Successful Manufacturing Hires

TalentCulture

We’re staffing up in a super-tight job market that’s also experiencing a marked skills gap. 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? A 2016 MRI survey on recruiting found that 80 percent of all hires are mistakes that cost companies time and money.

A new operating model for talent acquisition

HR Times

1 Talent Acquisition Factbook 2015: Benchmarks and Trends in Spending, Staffing, and Key Recruiting Metrics,” Bersin by Deloitte, WhatWorks Brief, April 2015). Posted by Arthur Mazor and Bill Cleary on December 13, 2016. In our previous post , we looked at some of the ways HR can learn from leading practices for customer experience to improve talent acquisition. Enhancing the candidate experiences requires getting smarter about how organizations approach talent acquisition.