Cost per hire is a metric used to measure the average cost incurred by an organization to hire a new employee. It helps organizations evaluate and analyze their recruitment and hiring expenses. The formula for calculating cost per hire is as follows:
Cost per Hire = (Advertising and Recruiting Agent Expenses + Referral
Compensation) / Number of Hires
The legal doctrine of respondeat superior, which is Latin for "let the master answer," holds that an employer can be held liable for the wrongful actions of its employees if those actions were committed within the scope of their employment. This doctrine is often applied in cases of vicarious liability, where an employer is held responsible for the actions or omissions of its employees.
The turnover rate is a metric used to measure the rate at which employees leave an organization over a specified period of time. It is commonly expressed as a percentage and can be calculated in different ways depending on the specific definition used for turnover.
An exit interview is a structured conversation conducted with an employee who is leaving an organization voluntarily, typically when they resign or retire. The purpose of an exit interview is to gain feedback and insights from the departing employee about their experiences, reasons for leaving, and suggestions for improvement.
An employee survey is a common method used by organizations to gather feedback, opinions, and insights from their employees. It provides a structured way to collect information on various aspects of the workplace, such as employee satisfaction, engagement, retention, turnover, and wellness issues.
Constructive discharge refers to a situation where an employee resigns from their job due to intolerable working conditions created by their employer. In this scenario, the employee's resignation is treated as a termination by the employer, as the conditions were so severe that it effectively forced the employee to quit.
A focus group is a research method commonly used to gather qualitative data and insights from a selected group of individuals who represent a specific target audience or demographic. The aim of a focus group is to obtain in-depth feedback, opinions, and perceptions on a particular topic or issue.
