Once you’ve figured the above metrics into percentages (i.e. 87% performance rate, 93% productivity rate, 72% retention rate), you simply add them up and divide by 3. In this example, that gives you an 84% Quality of Hire rate. But is that good or bad?
Because Quality of Hire metrics vary from business to business, it’s hard to say what the average QoH rate looks like. You might wonder if you’re doing better or worse than your competitors, however, instead of comparing your numbers hungary whatsapp phone number to theirs, focus on improving your own numbers from year to year. You may want to work with executives and HR leaders to develop standards within your company. That way, even if you can’t get industry comparisons, you still have numbers to compare and improve upon.
Take these quick tips:
Most importantly, Quality of Hire and other post-hire assessments should be informing changes to your pre-hire practices. Is the way you measure QoH giving you the information you need to improve your hiring process and your organization? If not, then it’s probably time to make a change.
All of these recruiting metrics can be hard to track on your own. That’s why 75% of hiring and talent managers use either applicant tracking or recruiting software to keep tabs on and help analyze their hiring process.
How should you effectively assess Quality of Hire?
-
- Posts: 91
- Joined: Tue Dec 10, 2024 3:13 am