How to Measure Quality of Hire to Drive Business Results
AIHR
MARCH 30, 2021
ISO/TS 30411:2018 defines six metrics: Quality of hire: the performance of an individual after hire compared to pre-hire expectations. Retention rate: percent of employees retained over a defined period. Cost per Hire = Sum of recruiting costs ÷ Number of hires. Hiring Budget = Total recruiting costs ÷ New hire payroll.
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