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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?

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5 Employee Performance Metrics You Should Be Tracking

15Five

For HR teams, employee performance metrics are the data you need to ensure your people strategy stays on track. Collecting and analyzing employee performance metrics allows people leaders to make more informed talent decisions, improve processes, and create a better employee experience. What are employee performance metrics?

Metrics 105
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Onboarding, Engagement, and Outboarding: Definition and Tips

Walk Me

In this post, we’ll cover the key terms and definitions of each stage of that journey, from the meaning of employee onboarding to an offboarding (outboarding) definition. Understanding the key metrics and performance indicators is also essential to making performance improvements, so we’ll look at a few of those as well.

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What is Voluntary Turnover? Definition, Causes, and Calculation

AIHR

Consider relocation costs, advertising of a new role, the costs of having a vacant role, the recruiting costs, onboarding, training of the new employee – you can understand why it’s essential to have a firm grip on what voluntary turnover means. Let’s look at its definition, examples, causes, and calculation.

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5 Definitive Characteristics of the Future Workplace: How Can HR Support?

Zenefits

Below are a few tips to consider to succeed in a gig-driven future: Check out gig marketplaces: Online talent marketplaces like Fiverr and Upwork can help you identify, recruit, and onboard qualified gig workers with far less headhunting time and effort. Measure outcomes: Hybrid work can be hard to measure without the right metrics.

Inclusion 104
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How to Become a Human Resources (HR) Manager: The Definitive Guide

AIHR

Contents Definition of Human Resources Manager What does a Human Resources Manager do? Performance management : HR managers facilitate performance evaluations, establish performance goals and metrics, provide feedback, and implement performance improvement plans when necessary. Let’s dive in!

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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.