Talent Acquisition

Question 1

Building an Employment Brand

Answer 1

• Determine existing perceptions of organization in country or local area
• Identify main competition for high quality employees
• Assess organizational strengths and weaknesses
• Develop employment brand/ (or modify/tailor)
• Ensure brand is consistent
• Test brand and make modifications
• Execute brand
• Reassess and revitalize brand
  -Reinforce brand

Question 2

Cost of Hire

Answer 2

= Total Costs / Number of new hires
Total Costs- advertising costs, recruiter & agency costs, referral incentives, relocation bonuses, referral bonuses, screening costs, travel costs, costs associated with salary & overhead of internal recruitment team

Question 3

Cost Per Hire (CPH)

Answer 3

= sum(external costs)+ sum(internal costs)/total number of hires in a time period

Question 4

Cost per hire, Internal (CPHI)

Answer 4

CPHI defines a formula and methodology for creating the CPH measure for a single organization; it is not designed for comparison with other organizations’ CPH data.

Question 5

Cost per hire, comparable (CPHC)

Answer 5

CPHC defines a formula and methodology for creating the CPH measure for comparison across organizations. This metric uses a similar methodology to CPHI, but it incorporates a subset of data that is more likely to be used across organizations. CPHC is helpful in building comparisons of costs between organizations.