Quality of hire is the value a new hire contributes to the company’s overall success. This is measured based on various parameters, like an employee’s performance and tenure at the organization.
Why focus on quality of hiring?
- Increment in Productivity levels – Productivityrises as the quality of hire improves, as new hires are better known for their new roles. When the organization practices are good employees attain work-life balance giving better productivity yields.
- Employee engagement – increases when companies improve their hiring practices and start placing candidates who are a better cultural fit at the organization.
- Job satisfaction – improves along with quality of hire. Candidates find a workplace to be a happy place and thus resulting in job satisfaction with 100% performance outputs.
How to improve quality of hire
Knowledge and strategy play a vital role when it comes to improving the quality of hire. Following parameters can help us improve the quality of hiring:-- Analyze the current quality of hire
- Better alignment with Hiring Managers
- Ensure to the point data collection
- Organizational fit
- Inculcate excellent onboarding process
- Review the results