Posted March 07, 2018 by Steven Rothberg
How to measure the quality of new hires
Over the past couple of years, we’ve seen a huge shift in thought amongst our Fortune 1,000 company and federal government agency customers regarding how they measure the quality of their new hires. Until a few years ago, talent acquisition in these organizations hardly measured the quality of hire at all and often not at all. Their focus, if they were data-oriented, was on cost-per-hire.Today, there’s a shift to looking at productivity and that almost always includes longevity as a key component. If someone is only with you for a year or two, it will be hard for them to be as productive over their career with your organization as someone who is with you for five to ten years. The result? More and more large employers are placing greater and greater emphasis on hiring candidates who on paper may not be as sexy as others, but who are more likely to stay for far longer than those who attended fancier schools.
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Posted in Advice for Employers, Measuring success, Questions from Employers, recruitment, Recruitment Strategies, Retention Strategies, Workforce planning | Tagged Tagged cost per hire, longevity, productivity, quality of hire, tenure