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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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Sumser: Here’s how to get a true sense of quality of hire

HRExecutive

I recently scanned a conversation on Linkedin about measuring quality of hire. I am intrigued and appalled by what seems to be our desire to measure the quality of people. The underlying question is part of an eternal squabble between recruiters and hiring managers: Whose fault is it when a candidate doesn’t work out?

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5 Ways a Staffing Agency Can Transform Your Hiring Process

Hppy

In today’s competitive business landscape, the hiring process can be a time-consuming and challenging endeavor. With employee expectations and the job market constantly evolving, hiring managers and HR departments often find it difficult to keep up. Time and Cost Savings Hiring is both time- and resource-intensive.

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How To Craft a Strategic Hiring Plan in 2025

Analytics in HR

A well-executed hiring plan can be the difference between a company that reaches its strategic business goals and one that is outperformed by its rivals. Hiring was – and still is – the most important thing we do.” Contents What is a hiring plan? Just ask Marc Benioff , co-founder and CEO of tech giant Salesforce.

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The Road Map to Improving the "Quality of Hire" in Your Organization

Speaker: Matt Craven, Talent Acquisition Project Manager, Schneider Electric

Hiring the right people and creating a strong and productive workforce is critical to the success of any organization. Likewise, bad hiring decisions will stifle an organization’s ability to expand and impact their bottom line financially. It is an expensive experiment costing companies as much as 1.5 Is interviewing enough?

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Starting up: Crosschq helps TA teams check references and make decisions based on ‘quality of hire’

HR Brew

As an entrepreneur, Michael Fitzsimmons has done his fair share of hiring. He has even relied on pricey executive search firms to fill top posts in the past, and some of those hiring decisions contributed to negative business outcomes. Not getting hiring right is not just bad for companies. Get in touch here.

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HR KPIs: Guide, 20 Examples & Free Template

Analytics in HR

For example, if you have to cut costs in your learning and development budget while also trying to stimulate innovation, it creates a strategic challenge. For this reason, the board of directors decided to cut costs everywhere except in the product innovation department. In this case, ‘Recruitment cost in Dollars’ is the KPI.