Quality of Hire

Evidently, quality of hire gives a clear idea of a new hire’s ability in handling the new role, to the recruiters. This metric is useful in identifying trends in employee retention rates and planning strategies to reduce turnover rates. Analyzing the performance of the new hire will also give HR an idea of whether the employee needs additional training to improve performance. Evaluating the quality of hire is crucial in conducting cost-benefit analysis, return on investment (ROI), and revenue generation. Through the analysis of the business impacts of the metric, organizations can make data-driven improvements and thus keep their hiring strategies more efficient.