Quality of Hire and Why It’s Important

  • On May 19, 2022

Many companies have been scrambling to fill positions as more and more applicants increase a company’s turnover rate. This has occurred because the need to fill a position has overridden the need to assess the quality of hire for each applicant. When the labor market settles, employers will need to assess how well these recruits have fared using a key performance indicator (KPI) known as quality of hire.

Quality of hire is a powerful people metric, but it’s harder to deploy in hiring practices. Quality of hire measures the value a new hire brings to the company. Different organizations define value in different ways, but for most companies, it’s something that contributes to the long-term success of the business.

But how can employers put a number on work quality or how someone interacts with other employees? The solution is to first break down the quality of hire into metrics that can be quantified. This allows you to develop a framework for collecting data from existing employees and using that baseline information to benchmark new hires. Some examples that have been used to define those factors include, but are not limited to: 

  • Productivity
  • Tenure 
  • Job performance 
  • Engagement

Measuring the quality of hire helps companies assess whether their recruits are adding value once they’re on board. Developing a framework may take time, but if the insights you gain lead to better hiring decisions, it won’t be a commitment you regret. However, if you don’t already have a system in place, it can take a lot of time and effort for a company to determine how to measure their quality of hires. 

Staff Solve’s candidates are assessed for each position interested in to ensure they are the best fit for the job. Our method of screening applicants has proven to be effective in providing companies with the best hires, taking the worry of selecting a potentially poor candidate off employers’ shoulders. Staff Solve continues to provide high-quality candidates and jobs in diverse markets for over 27 years. Let us take the stress off you so you can focus on your business by finding the perfect applicant for the position. If you are looking for employment, please visit our job seeker page. If you would like more information about the services we offer employers, visit our employer page or contact us today.

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