The difficulty and importance of measuring quality of hire

The difficulty and importance of measuring quality of hireWhat metrics really matter to recruiters and hiring managers and to the companies that employ them? The truth is, as a hiring manager you may be meeting certain predetermined targets that certainly look good, but are you crushing it where it really mattersnamely, the quality of your hires? Sure, on the surface you can be meeting your companys staffing needs and finding quality candidates for all open positions, but how do you know if theyand you by associationare adding real value to the organization?According to a recent article by Workable, Quality of hire (QoH) measures the value new hires bring to a company In this context, value usually means how much a new hire contributes to their companys long-term success by completing tasks, improving their work and helping others Unsurprisingly, quality of hire is at the top of the list of useful performance KPIs. According toLinkedIns 2016 global trends report, its a priority for 4 0% of big companies worldwide (and 45% of small businesses). Efficiency recruiting metrics, liketime to fillandtime to hire,are trending up, but there are obvious reasons for why quality of hire is still so important Quality of hire is what makes the recruiting process worthwhile.Okay, so its clear that quality of hire is important, but how can it be measured effectively? The truth is, it isnt such an easy thing to quantify. You can really only measure QoH after a hire has been working for at least a few monthsif elend more.And, in general, quality is a vague term thats hard to define. The Society for Human Resource Management recently published an article that referred to quality of hire as the elusive Holy Grail of recruiting. According to the article,Quality-of-hire metrics are critical to understanding the effectiveness of your companys hiring process but, for many, figuring out how to define the measurement is a challenge.So, now you know that quality of hire is a critical recr uitment metric and that it can be a very tricky thing to measurebut that shouldnt inspire you to ignore it. Use the following strategies to measure QoH in your organizations recruitment efforts, to help you get a firm handle on whether or not youre contributing meaningfully to your companys bottom line.MetricsWhen youre ready to get serious about measuring QoH, youll need to determine which metrics youre going to use. Many organizations, including LinkedIn, recommend using the following measures when assessing QoH