Quality of hire is one of the most important, but misunderstood recruiting metrics, we’ll show you how to use it properly.
Scooped by Barry Deutsch |
I am a huge proponent of metrics and KPIs. I like the idea of measuring quality of hire. However, everyone gets all tangled up in how to measure it.
Here is my recommendation: Take your SUCCESS FACTORS (assuming you did these before the hire), and then measure the person's delivery on those outcomes, expectations, results, performance, metrics, and KPIs at 90 days and 6 months. Did they hit them, exceed them, or miss them.
I would define quality of hire as a candidate who hits or exceeds your specific quantifiable outcomes at the 90 day or 6 month timeframe with a set of behaviors and style that is consistent with your organizational culture and values.
Over 50% of newly hired employees fail to meet this expectation. Most hiring managers don't make a signficant change by firing the person, putting a PIP together, or having a deep developmental program to improve performance or behavior. They just accept partially competent people, or take those elements off the plate that the employee can't do - and the manager does it by allowing the monkey to be transferred onto their back. Doesn't that sound dysfunctional?
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