Chapter 4: Metrics and Economics
As referenced in the book, the Society for Human Resources Management (SHRM) developed an internationally accepted standard for the cost per hire metric (CPH) to hopefully put some standardization to this process. I’ll remind you all that I’m not a huge fan of this (CPH) metric, even though it is standardized because it doesn’t really tell me a lot about my work. It can help me plan and develop my budgets more effectively, but again, it should be an internal operational metric, not one that is reported on to the business.
Here you can read more about the standard through this press release from when it was first launched.
Here is the link to the ANSI standard on SHRM’s website.
ABOUT THE AUTHOR
BUY THE BOOK
STARoundtable Press offers "RecruitCONSULT! Leadership - The Corporate Talent Acquisition Leader's Field Book" available for sale and shipping worldwide: To order larger quantities of the book , please visit the Wholesale Purchases Page.
AUDIO INTERVIEW WITH THE AUTHOR
Listen to an audio interview about RecruitCONSULT! Leadership with author Jeremy Eskenazi and TotalPictureRadio's Peter Clayton. Click on the icon below to listen to the entire 25 minute interview.