Quality of Hire
Quality of Hire is the measurement of value that is added to an organization by the newly hired employees. This value is calculated based on employees’ contribution, hard work, and productivity. It is important to evaluate how much a new hire is contributing to the long-term success of the company and this metric helps in measuring the same. The quality of hire can be enhanced by collecting and evaluating pre-hire and post-hire data, simplifying recruiters’ workflow, and aligning hiring managers with the quality of hire goals.
Common metrics to consider while measuring the quality of hire;
- Employee turnover
- Employee engagement and involvement
- New Hires
- Internal work strategies