socialmedian: Quality of Hire: The Missing Link in Calculating ROI (Part I of a Series)

User-submitted headlines for this story

Clip

Quality of Hire: The Missing Link in Calculating ROI (Part I of a Series)

Source: ERE Articles | Electronic Recruiting Exchange

Oct 02, 2009

Summary

Every vendor in the recruiting space touts their latest recruiting and sourcing tool as the next killer app. If you were there, you saw many of them at the last ERE Expo in Florida in September. As the economy recovers, there will be many more at ERE’s Expo 2010 in San Diego next March. Some of them will be superb and worthy of serious consideration.

However, while many will work as advertised, getting budget for them is a different matter entirely. In the past, the only way to get any significant new expenditures past the CFO was with some type of rigorous cost-savings analysis. However, this approach ignored any improvements in candidate quality as possible justification due to its “intangible” nature.

But as Dr. John Sullivan has been ably pointing out for these past 10 years, improvements in candidate quality dwarf potential cost savings. In fact, one could easily justify a cost increase if quality of hire could be proven.

In this article, I’m going to introduce a means to calculate the ROI of any new recruiting program on a quality-of-hire basis. Further, I

...Read the full article

Comments (0)

Add Your Comment