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Understanding Cost Per Hire (CPH)

Newton Software

. What Is Cost Per Hire? Cost per hire (CPH) is the cost incurred to bring a new employee on board. CPH includes recruitment costs, equipment costs, administrative costs, onboarding costs and various benefits. It is vital to clearly estimate your company’s cost per hire. External costs: Advertisement costs. Agency fees.

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What Are the 5 Main Drivers of Employee Retention

ExactHire Recruiting

New hires are at the highest risk of leaving, with many companies losing one-third of these workers. Companies lose an average of one-third of these new hires. Decreased customer service that goes along with too many inexperienced new hires can drive sales down. The first driver for employee retention is effective onboarding.

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What is Recruitment Process Outsourcing (RPO)

Newton Software

We can think of RPO providers as an “extension” of the company looking to hire, like an offsite human resource department. This means that an RPO provider will not only work to recruit new candidates, but also be involved in the onboarding and exiting of employees as well. Lower the cost per hire. Who Should You Use an RPO?

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AI-Powered Background Check Software: Friend or Foe?

Newton Software

Background Check Software and Artificial Intelligence Drives Smarter Hiring. The background check is a foundational piece of the hiring process, and with the help of AI, employee background checks are now being automated. Also, advanced background check technology can help hiring teams find elite applicants for open roles. .