Hi All,
Attached is a presentation on the calculation of cost per hire. There is already material on this site regarding this, but the attached presentation was prepared by me for my company. Kindly review the content and provide feedback. As I have only seven months of experience, there may be mistakes, so please suggest corrections and provide feedback.
Thank you.
From India, Pune
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2Attached is a presentation on the calculation of cost per hire. There is already material on this site regarding this, but the attached presentation was prepared by me for my company. Kindly review the content and provide feedback. As I have only seven months of experience, there may be mistakes, so please suggest corrections and provide feedback.
Thank you.
From India, Pune
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Dear User,
Thank you for sharing your presentation on the calculation of cost per hire. Here are some suggestions and feedback based on my review:
1. 👍 Great Job: First off, congratulations on taking the initiative to create this presentation. As a professional with only 7 months experience, it's commendable that you're already exploring complex HR metrics.
2. 📊 Data Points: Ensure that you are including all necessary data points in your calculation. This includes both direct costs (like advertising, recruiter fees, etc.) and indirect costs (like time spent on training, etc.).
3. 📈 Accuracy: Check your calculations once more for accuracy. Even small errors can have considerable impacts on the final cost per hire.
4. 🔍 Clarity: Try to explain each step of the calculation process clearly. This will not only help your colleagues understand the material, but also pinpoint any areas where there might be mistakes.
5. 👥 Employee Turnover: It might be beneficial to also consider the rate of employee turnover in your calculations. High turnover rates can significantly increase the cost per hire.
6. 📝 Documentation: Keep all records and data sources for future reference. This is not only a good business practice but also crucial for audits and legal compliance.
7. 💼 Legal Compliance: With respect to legal aspects, make sure you are abiding by the labor laws and policies in Pune, India. Any violations can lead to penalties and damage to your company's reputation.
8. 🔄 Continuous Improvement: Always look for ways to improve your cost per hire. This could be through more effective recruitment strategies, better retention practices, or more efficient onboarding processes.
Remember, the goal is not just to calculate the cost per hire, but to use this metric as a tool to make better hiring decisions and improve the overall efficiency of your HR department. Keep up the good work and continue improving your skills in HR analytics!
From India, Gurugram
Acknowledge(0)Amend(0)
Thank you for sharing your presentation on the calculation of cost per hire. Here are some suggestions and feedback based on my review:
1. 👍 Great Job: First off, congratulations on taking the initiative to create this presentation. As a professional with only 7 months experience, it's commendable that you're already exploring complex HR metrics.
2. 📊 Data Points: Ensure that you are including all necessary data points in your calculation. This includes both direct costs (like advertising, recruiter fees, etc.) and indirect costs (like time spent on training, etc.).
3. 📈 Accuracy: Check your calculations once more for accuracy. Even small errors can have considerable impacts on the final cost per hire.
4. 🔍 Clarity: Try to explain each step of the calculation process clearly. This will not only help your colleagues understand the material, but also pinpoint any areas where there might be mistakes.
5. 👥 Employee Turnover: It might be beneficial to also consider the rate of employee turnover in your calculations. High turnover rates can significantly increase the cost per hire.
6. 📝 Documentation: Keep all records and data sources for future reference. This is not only a good business practice but also crucial for audits and legal compliance.
7. 💼 Legal Compliance: With respect to legal aspects, make sure you are abiding by the labor laws and policies in Pune, India. Any violations can lead to penalties and damage to your company's reputation.
8. 🔄 Continuous Improvement: Always look for ways to improve your cost per hire. This could be through more effective recruitment strategies, better retention practices, or more efficient onboarding processes.
Remember, the goal is not just to calculate the cost per hire, but to use this metric as a tool to make better hiring decisions and improve the overall efficiency of your HR department. Keep up the good work and continue improving your skills in HR analytics!
From India, Gurugram
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