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The Reason Companies Should Calculate Cost Per Hire

HR Bartender

Internal recruiting costs include salary and benefits for everyone involved in the recruiting process as well as recruiting software, etc. I believe the goal of calculating CPH is to provide organizations with a benchmark for their recruiting activities. According to SHRM, the average cost per hire in 2016 was $4,129.

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

Visier

Recently, I learned about a large software organization’s quest to build a people analytics solution. 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. Data warehouse software licenses.

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A Practical Guide to Candidate NPS

Analytics in HR

After the collection of data, the software consolidates the result. Benchmark against industry standards and your own results. You can compare your candidate NPS score to industry benchmarks. For example, a benchmark cNPS score for candidates rejected after the interview is -1. Segment your data. Act on the results.

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Headcount Planning: An HR Practitioner’s Guide

Analytics in HR

This HR software helps manage and process all the employee details above —along with HR policies and procedures—which you can summarize into a single, easy-to-understand report. Look for team sizes and ratios benchmarks, and combine the data with your company’s growth plan. Prepare for multiple scenarios.

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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

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. Adopting a data-driven recruitment strategy will help teams allocate budgets, identify hiring issues, and benchmark their organization's hiring requirements.

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5 Steps to Choosing the Right Employee Engagement Software for Your Business

15Five

The right employee engagement software is critical to business success. However, onboarding the wrong software can result in wasted resources and a minimal impact on key engagement metrics such as retention, absenteeism, and turnover. How to evaluate employee engagement software 1.

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The new digital workplace reveals a tale of two Americas

HRExecutive

This partnership will give HR leaders data to support skills enrichment, benchmarking and custom skill profiles. (Created with Claude) HR tech products and people in the news Global labor market analytics company Lightcast launched its real-time skill insights solution on the SAP Store.