SIGN UP NOW!
It's FREE!

Create a Profile and Start Networking with HR Professionals
Register Now - It's Free Registration info
 
Member Content
Blogs | Questions | Files | Events | HR Groups | Members
PHR/SPHR Exam Prep Course
HRCI Recertification


  • Upcoming Events
  • Past Events
  • Public Events
Advertise Here

The 2012 Cost-Per-Hire Standard

Topic:
The 2012 Cost-Per-Hire Standard
Date:
April 17, 2012 at 1:30 - 2:30 PM ET
Presenters:
Andrew Gadomski, CEO & Founder(Aspen Advisors)
webcastImgVirtual
Description
The use of metrics, analysis and business intelligence has been on the rise in the human resources and talent acquisition spaces for some time. However, the ability to standardize within the human resource function has been limited. Recently, the Society of Human Resource Management (SHRM) has set forth an initiative to standardize any number of measures and metrics across the human resource spectrum.

The first standard that has been accepted by the American National Standard Institute is specific to talent acquisition, and is a standard regarding Cost-Per-Hire.

The use of metrics, analysis and business intelligence has been on the rise in the human resources and talent acquisition spaces for some time. However, the ability to standardize within the human resource function has been limited. Recently, the Society of Human Resource Management (SHRM) has set forth an initiative to standardize any number of measures and metrics across the human resource spectrum.

The first standard that has been accepted by the American National Standard Institute is specific to talent acquisition, and is a standard regarding Cost-Per-Hire.

During the session, the associate project manager for the Cost-Per-Hire initiative, Andrew Gadomski, will be reviewing the different formulas that you can use to measure yourself internally and also measure your organization and its CPH versus other organizations. The standard is more than simply one formula: it is actually a methodology. Andrew will review the Cost-Per-Hire comparable formula, the Cost-Per-Hire internal formula, and the recruiting cost ratio. The Cost-Per-Hire comparable presents a standard numerator and denominator that all organizations can use so they can compare apples to apples. The CPH internal allows organizations to add or subtract variables in the formula so it can measure Cost-Per-Hire with a unique value proposition for its business. The recruiting cost ratio makes a comparison of the cost of the employee versus the recruiting costs associated with that employee.

When all three formulas are brought to bear, they not only standardize communication and measurement within Cost-Per-Hire, but enable a practical discussion about resources to acquire talent as part of a competitive strategy.

Worksheet
Cost Per Hire

Who Should Participate
Human Resource Professionals, Recruiting and Hiring Managers
What You Will Learn
An overview of the new CPH standard accepted by the American National Standard Institute, how to effectively use the standard within your business, and understand how other firms utilize the standards.
Recommended Resources
http://www.shrm.org/about/news/Pages/CostPerHire.aspx
Communities
Human Resources Management
Staffing and Recruitment
Organizational Development
Workforce Planning and Analytics
Strategic HR
International and Global HR
Structure and Organization
Ethics
Foundations of HR
HR Administration
Presented by
spacer
speaker spacer
Andrew Gadomski
Aspen Advisors

View Profile
spacer
Event Sponsors
Aspen Advisors
Aspen provides talent strategies for a myriad of small and medium sized business, and select large companies. As Advisors, we custom design a portfolio that works for that particular business. We are dedicated to working with socially and globally conscious companies, and helping companies that do great things find and retain great talent. Specialties Strategic Talent Management, Acquisition and Workforce Planning
File List
Feedback
Name Comment Rating
Image of Antonia Bage Antonia Bage
DMR Global
I am responsible for overseeing a department that will hire a large number of 1099 employees through 2012. Will I use the same methods discussed in this presentation to calculate cost per hire? 5 / 5
Excellent Presentation
Image of Adrienne Anderson Adrienne Anderson
Merritt Brothers Lumber Co, Inc
3 / 5
Good Presentation
3 / 5
Good Presentation
Image of Guan Wang Guan Wang
Qualcomm, Inc.
5 / 5
Excellent Presentation
Image of Shelley Donovan Shelley Donovan
Rockland Trust
4 / 5
Very Good Presentation
Image of Martin Oest Martin Oest
true picture europe limited
hrci credits are a great benefit that sometimes closes the deal but not the driver in itself. 4 / 5
Very Good Presentation
4 / 5
Very Good Presentation
Image of Kevin Rockett Kevin Rockett
Lennonx International, Inc.
4 / 5
Very Good Presentation
Image of Jonathan Huff Jonathan Huff
The Nerdery
4 / 5
Very Good Presentation
5 / 5
Excellent Presentation
Image of Beth McCullough Beth McCullough
Nexteer Automotive
4 / 5
Very Good Presentation
Image of Martinette Shelton Martinette Shelton
Computer Sciences Corporation (CSC)
5 / 5
Excellent Presentation
4 / 5
Very Good Presentation
Image of Leah Anderson Leah Anderson
City Of Saint John
3 / 5
Good Presentation
Image of Russell Thomas Russell Thomas
The Washington Hospital
5 / 5
Excellent Presentation
Fabulous. Clear explanations and examples. Looks like he anticipated so many our our questions. I want to view the recording again along with the slides. 5 / 5
Excellent Presentation
Image of Aaron Coleman Aaron Coleman
BDO USA, LLP
5 / 5
Excellent Presentation
Image of Kathy Menditto Kathy Menditto
Acme Fresh Market
5 / 5
Excellent Presentation

Do you have any comments that you would like to share about the value of this session?

Please help others considering viewing the archive understand the value of the session. How would you rate this presentation?
Excellent        Very Good        Good        Fair        Bad       

Are you becoming an industry expert? Each One Hour Webcast on HR.com is reviewed and can qualify for an Institute for Human Resources credit. The Institute for Human Resources Certification Program provides HR Professionals with an opportunity to specialize in one vertical or domain, making them an Industry Expert. Each of HR.com’s webcasts are reviewed and evaluated against the verticals/domains criteria, and one credit hour can be applied to the appropriate vertical or domain.
For more information regarding the IHR Certification Program, please click here or visit: http://www.hr.com/en/ihr_certifications/
Did you know that each one-hour webcast is submitted to qualify for HR Certification Institute recertification credits? The archive of the webcast also qualifies recertification credits, for one (in some cases two) year(s) after the original broadcast. You can get your PHR, SPHR, GPHR and credits all without ever leaving your desk. We know how busy today's successful HR professionals are, which is why we're committed to delivering the best education to you in an easy and entertaining format. For more information about certification or recertification, please visit the HR Certification Institute homepage at www.hrci.org
"The use of this seal is not an endorsement by HR Certification Institute of the quality of the program. It means that this program has met HR Certification Institute’s criteria to be pre-approved for recertification credit."


Sitemap   |   Advertise With Us