Remove Benchmarking Remove Performance Management Remove Recruitment
article thumbnail

Recruitment ROI Explained Plus How To Calculate It (in 2024)

AIHR

Recruitment ROI is an important metric that lets HR professionals calculate if their recruitment process is adding value to an organization — or costing it more money than each new hire is worth. Contents What is ROI in recruitment? Why should HR track recruitment ROI? Do you know what your cost per hire (CPH) is?

ROI 59
article thumbnail

What Is a Competency Model? Expert Guidance on Developing Yours

AIHR

It differs from skills and competence in that it refers to a collection of specific things an employee must do to perform their job effectively. This collection helps guide recruitment, training and development, and performance evaluations. Informs recruitment criteria, performance standards, and job requirements.

Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

OKRs vs. KPIs: The Key Differences & Use (With Examples) 

AIHR

Continuous improvement: KPIs serve as benchmarks for your performance. These benchmarks help you evaluate and refine your HR strategies and processes to improve your effectiveness over time. For example: Recruitment metrics (e.g., This builds a culture of responsibility and ownership within the department.

KPI 109
article thumbnail

How To Calculate Your Organization’s Turnover Rate

15Five

This data is used by HR professionals to plan and budget for recruitment, gauge the effectiveness of employee retention efforts, and more. The Impact of Turnover on Organizational Performance Excessive turnover can make it seriously difficult for an organization to crush its goals. Here are some strategies for doing that.

article thumbnail

Does Performance Management Really Help Every Employee Become Their Best Self?

15Five

I was recruited by a 7,000 person public consulting firm and then quickly relegated to what I called “beige cubicle land.” Today, we are at the forefront of a new category of software that helps leaders and managers drive high performance by bringing out the best in their people (commonly referred to as continuous performance management).

article thumbnail

10 HR Best Practices For Business Success in 2025

AIHR

An HR benchmark survey of over 2,000 small businesses showed that the fastest-growing companies were 20% more likely to embrace HR best practices. This encourages better performance across teams for improved business outcomes. This minimizes recruitment, training, and turnover costs to boost the bottom line.

article thumbnail

What Is Compensation Management and What’s HR’s Role in it?

AIHR

Objectives • Attract top talent • Improve employee satisfaction • Align pay and benefits to performance and outcomes • Strive for fairness and transparency • Reduce churn rate / increase retention. When it comes to compensation metrics , accurate data is essential for benchmarking the competitiveness of your packages.