Metrics Archives

5 Challenges to Getting Your HRMS Do Real Analytics

Leaders across the organization recognize that making workforce decisions based on facts and data — instead of intuition alone — is a key route to increasing their impact on the business. Now, more than ever, business leaders need strategic insight and the ability to model how workforce trends impact revenue and profits — quickly…

Facing a Shortage of Candidates? Discover and Use the Right ‘Attraction Factors’

They call it talent attraction for a reason. Because, obviously, the primary role of the function is to literally “attract” the very best candidates. But when a recruiting function is only guessing about what draws in desirable candidates, it will face a perennial shortage of applicants. In fact, I estimate that the average…

Is Your Diversity Recruitment Struggling? Maybe You’re Making These Mistakes

Lack of workforce diversity has placed a magnifying glass on the hiring practices of organizations in all industries. It’s about being more thoughtful in granting everyone equal access to employment opportunities and also opening your doors to a wider range of talent that may just the very thing you need to succeed in…

Fast to Hire and Quicker to Inspire: How to Help Managers Speed Up Employee Selection

Hiring is one of the most important tasks done by leaders in your organization. When they get it right, their job (and yours) is made easier. When they get it wrong, everyone’s job becomes harder—possibly putting careers at risk. The desire to get hiring right is why many executives and managers are slow…

Why CEOs Don’t Act on Talent Metrics — No Trend Lines, $ Impacts, or Prescriptive Actions

Talent metrics have been a miserable failure! They don’t drive executives to act because they are not forward-looking and they don’t prescribe the needed actions to solve upcoming problems. Yes, after 20+ years of striving to improve metrics in talent management, most of what we produce are still what I call “so-what metrics.”…

3 Ways You Can Measure the Quality of a Hire

CEB, after exhaustive research, concludes that 20 percent of new hires are “regretted decisions.” If this is true, why aren’t more companies testing quality of hire improvement strategies? Quality of hire is the holy grail metric for most recruiting organizations. Poor quality of hire can quickly destroy a team or company, while excellent…

We’re Taking the Plunge and Hiring an Analytics Leader

You might have seen my comment on Raghav Singh’s article about Monster’s fall. I said: “The better companies get at analyzing and using data effectively to drive business decisions (in this case, where to invest recruitment marketing dollars and focus their sourcing and candidate engagement strategies), the more important it will be for…

Stop the Insanity: You’ll *Never* Reach Diversity Goals Until You Shift to a Data-Driven Approach

If you have direct access to recruiting leaders like I do, you would quickly learn that upward of 95 percent of large corporate diversity recruiting efforts routinely fail to meet their modest diversity goals. In fact, the EEOC reports that diversity employee representation percentages at corporations have barely budged since 1985. The Harvard…

You Can’t Calculate Employer Branding’s ROI if You Omit Its Negative Impacts

Understanding the Top 10 Problems Associated With Having a Strong Employer Brand There are only two long-term strategic recruiting approaches: employer brand building, and talent pipelining. Of the two options, employer brand-building is by far the most powerful. In fact, it was ranked by BCG as No. 4 highest in revenue and profit…

Peer-To-Peer Recruiting Really Works — Just Ask Kevin Durant

In case you missed it, earlier this month one of the top recruiting accomplishments of the last decade occurred when the Golden State Warriors successfully recruited superstar Kevin Durant. And even though it occurred in professional sports, corporate recruiters in any industry can learn valuable lessons from this amazing recruiting accomplishment. The most…

We Built a Crystal Ball for Recruiting … and Can Predict Which Reqs Will Be at Risk

If metrics are like headlights that allow us to see where our business is going, predictive metrics are the high beams. You can see further out and avoid issues that you can’t with normal views. We talk about predictive quite a bit in the analytics world, but you need some analysis to prove…

Predicting Which New Hires Will Quit — a Checklist for Spotting Early ‘Flight Risks’

Corporations are currently encountering the highest voluntary turnover rate in a decade. And when they have to refill the position that was vacated by an employee quitting, it now takes a record 29 days to refill that vacated position. These two statistics combined should be enough to motivate HR and business leaders to…