← HR Metrics·Talent Acquisition
Quality of Hire
First-year performance rating of new hires
How it’s computed
AVG(first_year_rating)
What the evidence shows
Evidence (effect sizes, priors, validity) is syncing from Principia.
Run it on your data
This metric is computed in the People Analytics Toolbox on your own numbers. See pricing — posted, no quotes.
sources: toolbox:metrics-catalog · principia:metrics
What the literature says
The measurement literature behind this signal — sourced, so you can defend it.
“Teams that are grossly out of alignment stand out, and the few major initiatives that touch everyone are easy enough to manage directly. So far, so good! Measuring performance Until 2013, every Googler received a performance rating score at the end of each quarter. The 41-point…”
— Work Rules! (Laszlo Bock)match 55%
“Each situation by itself seems entirely unique, but if you put them together in aggregate form, you can see overall rates of success and failure that can be used to measure the quality of hires produced by the selection decision process. If measuring hiring quality is important…”
— People Analytics For Dummiesmatch 54%
“Cost-per-hire is nice to know and trend; however, the problem is that it doesn’t take into consideration the difficulty of filling different types of jobs or the value produced by those jobs. When these perspectives are lacking, it would be impossible to interpret increasing or…”
— People Analytics For Dummiesmatch 53%
Resources: Work Rules! (Laszlo Bock) · People Analytics For Dummies