Question
1.Metrics are only informationit is up to you to interpret and use them. Interpret the following metrics and identify what they might mean by addressing
1.Metrics are only informationit is up to you to interpret and use them. Interpret the following metrics and identify what they might mean by addressing the questions that follow them.
a. Compare the following two recruiting sources:
Source XSource Y
Cost$200,000$200,000
Number of New Hires2010
Cost per Hire$10,000$20,000
- Which program do you conclude is better? Why?
2. If the hires from source X are retained for two years, and the hires from source Y are retained for five years, would your conclusion change? Why?
3. What additional information would you need to make a recommendation about the source that's preferable?
b. The turnover rates of different employee subgroups of a firm are as follows:
Employee GroupTurnover Rate (%)
Under 6 months tenure85
6 months to 1 year tenure60
1 to 2 years30
Over 2 years12
High performers25
Moderate performers20
Low performers10
- In what ways is turnover a problem for this company?
- How could the company address the situation?
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