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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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INTERVIEW: Dr. Jac Fitz-enz on Human Capital Metrics

HR Bartender

Then I realized that, when my colleagues talked about projects and resources, they talked in terms of return-on-investment (ROI) and the bottom-line. In addition, two of his books, “Human Value Management” and “ The ROI of Human Capital ” won the Book of the Year Award by the Society for Human Resources Management (SHRM). Predictive.

Metrics 360
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The 4 Key Elements of An Effective Recruiting Strategy

HR Bartender

Estimated reading time: 3 minutes When we’re creating our recruiting strategy, we have to decide how we will bring people into the organization. I’m talking about when there’s an open job, we have to decide if we will fill it from within, hire someone from the outside, or maybe even outsource the work to a consultant.

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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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People, HR & Analytics

Speaker: Rodney B. Bolton SPHR, CEO, HR BIZZ

HR analytics empower organizations to use employee data to make better working decisions and improve performance in areas such as attracting top talent, accurately forecasting future staffing needs, and improving employee satisfaction. Better understand attrition and identify high-value employees, reducing turnover.

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How to Keep Employees Engaged When You’re Short-Staffed

15Five

Short-staffed organizations don’t have enough people to handle all the work that needs to get done. No matter how much work you put into your hiring plan or how closely you watch attrition and turnover , your organization will likely be short-staffed at one point or another.

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How Employee Attrition Affects the Workplace

Intoo USA

Employee attrition is a crucial metric that measures the rate at which employees leave an organization over a specific period. Employee attrition can occur for various reasons, such as finding external job opportunities or career advancements, personal reasons, dissatisfaction with work conditions, or issues with management.

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Discover 4 Use Cases for Applying AI to Your Recruiting Processes

Recruitment AI technology uncovers the most qualified candidates. This technology automates recruiting routines and facilitates natural conversations, resulting in higher productivity and a better candidate experience. Download the eBook to learn more!