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The Top Recruitment Metrics You Need to Track in 2023

PandoLogic

In 2023, the top recruitment metrics to track include time to hire, cost per hire, quality of hire, applicant sources, candidate experience, diversity and inclusion, and employee retention rate. Employee Retention Measures how long employees stay with the company.

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How To Build An Effective Employee Welcome Package

JazzHR

This makes onboarding an essential element in your HR service and a significant component for your employee engagement and retention. Consistency will help to prevent knowledge gaps with your onboarding experience. . A welcome message can help increase your onboarding engagement rate and contribute to an excellent HR service.

Handbook 174
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100 powerful hiring & job statistics for 2020

Devskiller

92% of employees believe showing empathy is an important way to advance employee retention. HR onboarding statistics. 55% of businesses say they don’t measure the effectiveness of onboarding programs. 87% of businesses find assigning a mentor or a buddy during the onboarding process as very effective. Deloitte ).

iCIMS 134
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A Practical Guide for Tackling the High Attrition Rate in Tech

Devskiller

Even companies who have mastered recruitment and onboarding to perfection still struggle with talent retention. Experts on turnover and retention estimate that it costs 150% of the employee’s base salary to replace them. . Source: Dice . The employee turnover rate in the tech sector stands at 13.2%

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Know Everything About New Employee Orientation (Checklist Included)

CuteHR

Besides this, orientation and onboarding are associated with success maximization. Orientation gets the dice rolling so that the new employees feel prepped and welcomed – consequently they can contribute to the organization much faster. To lose the energy of a new hire through poor onboarding is an opportunity lost.”.

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The Startup Hiring Guide: Hiring for rapid growth from 5 to 50

Workable

There’s tremendous value in referred employees in the form of greater job satisfaction, higher retention rates, quicker applicant-to-hire conversion – all metrics that ultimately reduce the cost of recruitment, especially when hiring for rapid growth. The best companies also give retention equity packages to fully vested employees.

Hiring 154
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HR Check In: Common Recruiting Techniques for ALL Industries

Jibe

There are unlimited ways to slice and dice the pool of candidates looking for new opportunities in today’s workplace. There simply aren’t enough candidates, and when a recruiter does find the right type of hire, the retention rates during onboarding and the first few months of employment are extremely low.