Remove Benchmarking Remove Definition Remove Metrics
article thumbnail

The Ethical Benchmarking of HR analytics

AIHR

Viewed from the perspective of Kant’s principle of mankind, it is notable that this definition fails to recognize people as an end in their own right. In this article, we discuss the state of the art of ethical benchmarking of algorithms and provide advice for practitioners in the field. Evaluation of algorithms.

article thumbnail

Cost per Hire: Definition, Formula, and Calculation

AIHR

Cost per hire is one of the most used HR metrics and recruiting KPIs. This makes the cost per hire arguably one of the most important, but also the trickiest metrics in recruiting and talent acquisition. Let’s have a look at the cost per hire definition, formula, and how to calculate it. Contents What is cost per hire?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

19 HR Metrics Examples: Making Data-Driven Decisions in 2024

AIHR

HR metrics provide a data-driven approach to managing human capital, offer insights into the effectiveness of HR practices, and ultimately predict the future. Let’s take a look at the commonly used HR metrics and how you can track and utilize them in your organization. Contents What are HR metrics?

Metrics 105
article thumbnail

How to Measure HR Effectiveness with 12 Key Metrics

15Five

According to Gartner, 58% of organizations say a lack of relevant metrics to track HR progress is one of the top barriers to effective strategic planning. Most other business functions have a standard set of metrics that show the effectiveness of their team and how they’re contributing to the company’s bottom line (e.g.,

Metrics 105
article thumbnail

How to Measure Quality of Hire to Drive Business Results

AIHR

Quality of hire is a key recruiting metric that represents the value a new hire adds to your company , specifically, how much a new hire contributes to your company’s long-term success. ISO/TS 30411:2018 defines six metrics: Quality of hire: the performance of an individual after hire compared to pre-hire expectations.

article thumbnail

What is Time to Hire? Everything You Need to Know

AIHR

Time to hire is one of the best-known recruiting metrics. We will also list time to hire benchmarks, explain how it can be measured, and end with the five most effective ways to reduce time to hire. Time to hire is a common recruiting metric. The time to hire metric is also an indicator of candidate experience.

Metrics 127
article thumbnail

What is Voluntary Turnover? Definition, Causes, and Calculation

AIHR

Let’s look at its definition, examples, causes, and calculation. Voluntary turnover is an HR metric referring to an employee’s departure based on their own decision rather than the employer’s decision. You can do this by measuring against industry benchmarks. Contents What is voluntary turnover?