Archive for February, 2012
Webinar – Recruitment Metrics That Demonstrate Return on Investment (ROI)
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About 2 years ago I received an odd telephone call. Here is a summary of the call:
Caller: Is this Steve Lowisz (he said almost whispering!)
Me: Yes. Can I help you?
Caller: I can’t tell you who I am, but I am the Head of HR and Talent Management for a MI based out supplier.
Me: OK, how can I help you (Very curious at this point.)
Caller: I have a problem that I am hoping you can help with. I report to the CEO of a $500 million company and we never seem to see eye to eye on the great progress we are making in recruiting. Before I got here our cost per hire was through the roof, our days to fill was out of control and we had lots of open positions. Today we fill our positions in 42 days on average and have cut or cost per hire by 50%. I report this info to him and the executive team each month and I almost don’t get any acknowledgement…. Read More→
Unpublished Losses – The cost of poor talent decisions.
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Most conversations that we have in the recruiting industry around cost generally focuses on cost per hire of the candidate identified, engaged, and ultimately selected. What about the cost of a poor recruiting decision, otherwise known as the Quality of Hire?
This is a can of worms that few HR or Talent executives even attempt to open since quality of hire is a difficult metric to measure. Instead of looking at the positives of focusing on Quality of Hire (topic will be discussed at length in an upcoming blog), let’s look at the potential negatives to your organization of making a poor hiring decision. Read More→
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