You may have already read "Five Ugly Numbers That You Can't Ignore - It's Time to Calculate Hiring Failures" from ere.net in an earlier post. If not, you can read it here.
Now, you can read a response to that article, also from ere.net, here:
Metrics That Actually Mean Something
A few weeks ago John Sullivan wrote an article citing a
few disturbing recruiting numbers: 70% of participants are dissatisfied with
the hiring process; 46% of new hires turned over within the first year (50% for
new executives); and top producers produce 40-67% more than others. Sullivan
recommended a variety of solutions. One of them included better assessment
tools. A few weeks later, Lou Adler wrote an article suggesting that quality of
hire was significantly
more important than cost per hire. He also suggested a few ways to evaluate
source quality based on candidate skills.
I applaud these comments. They have been a long time coming. But in many ways
they are like advising Robert Reich to grow
taller: easy to say, but doomed to disappoint. The formula for fixing these
recruiting problems is...Keep Reading.