| Measuring Quality of Hire |
During the last several years recruiting departments have awakened to a fact that effective management requires accurate and timely data. Organisations need to understand exactly where they are on a set of performance benchmarks at any critical juncture and understand what the business ramifications of those metrics are. But in a rush to come up with data, the early efforts of many hiring department's focused on Cost-per-Hire, a statistic that provides a skewed and inaccurate view of success. A hire made, however cheaply, isn't a good hire unless the individual is able to find success and grow in their new role and talent departments that base success on how inexpensively they can make job offers, may be getting exactly what they pay for.
This learning track focuses on a different metric for the Knowledge Economy - Quality of Hire. Through a variety of tools and processes, the best organisations today are gathering and analysing data that is geared toward understanding their true human capital value. This track will centre on how organisations can measure the efforts of their recruiting teams in bringing in the best and brightest, and match up those qualitative assessments with hard dollar figures to gain a true understanding of the success of their talent acquisition efforts
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