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The Reason Companies Should Calculate Cost Per Hire

HR Bartender

CPH can also be a valuable number to share with hiring managers. I like to calculate CPH at the beginning of interview skills training. It’s an opportunity to put a dollar value on the cost of a hiring manager’s decision. Now, I get it…there’s lots of talk about quality of hire being the best recruiting metric.

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HR KPIs: Guide, 20 Examples & Free Template

Analytics in HR

Quality of hire Put simply, quality of hire represents the value a new hire brings to a company. The quality of hire demonstrates how effective HR is in recruiting and selecting candidates. Effective training should deliver measurable improvements in these areas to justify its value.

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Quality of Hire Means Something, Here’s Why

Ceridian

Quality of Hire didn’t use to be a recruiting measurement. About four in 10 of nearly 4,000 corporate talent acquisition managers from 40 countries agreed that quality of hire is the most valuable metric for performance, although that is a dip from the 44% who said so in 2014. Quality of Hire is a strategic measure.

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Measure Quality of Hire With These Three Critical Factors

Visier

However, when these scores were applied to employees once they started working, the organization learned that so-called “high scoring” candidates (who were hired!) It was only when post-hire data was analyzed that quality of hire could be more accurately assessed. Stay: How long did the hire stay at the organization?

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Background Screening Impacts the Candidate Experience

HR Bartender

We know the value background screening creates in more consistent organizational safety, improved compliance and (most importantly) better quality of hire. As organization’s tap into contingent workers as part of their recruiting strategy, they also need to evaluate how contingent workers are hired, trained, engaged, and retained.

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How To Craft a Strategic Hiring Plan in 2025

Analytics in HR

KPIs and performance management: You also play an essential role in setting key performance indicators (KPIs) for the hiring process, such as time to fill , cost per hire , and quality of hire. By tracking these metrics, you can identify weaker areas for improvement to optimize your hiring process.

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Improve Quality of Hire Using Recruiting Data and Analytics

HR Bartender

While pre-employment testing is scientifically proven to be more predictive of job performance than most other traditional hiring factors, that doesn’t mean it should be the sole deciding factor, since those other factors (i.e. Train stakeholders. interviews, experience, etc.) are still very relevant and valuable.