iLogos Study Explores the Next Edge in Corporate Performance: Quality of New Hires
Study shows how to measure quality of hire and identifies a methodology to drive quality into the staffing process
San Francisco, CA – August 25, 2004 – iLogos Research (www.ilogos.com), a division of Taleo Corporation focused on consulting in the areas of staffing economics, benchmarking, and best practices, today released Quality of Hire, a groundbreaking study that details how to measure the quality of hires, and drive quality into the staffing process to enhance corporate performance.
According to the study, to date, little or no focus has been given to quality programs that determine the quality of hire and quantify its impact on enterprise productivity and financial results. However, one large manufacturing company measuring worker productivity conservatively reports that a one percent increase in new hires’ worker productivity resulted in a five percent increase to earnings per share. This complimentary white paper can be downloaded at www.ilogos.com/QualityofHire.
iLogos Founder and President Yves Lermusiaux stated, “Similar to Six Sigma, ISO 9000 and other quality programs, when the staffing process is optimized, organizations can tap into a huge value creator: their new workforces’ quality. Much time and effort has been spent to measure efficiencies of staffing yet the greater value creator is effectiveness. This report reveals the ways hiring quality can be enhanced and measured.”
He added, “The quality of employee performance begins with the quality of hire. As we expect new economic growth and increased hiring, identifying and tracking the right metrics to determine which hires meet, exceed or fall short of expectations will allow organizations to better assemble workforces that create a real competitive advantage.”
This report provides a guide to a quality of hire methodology, what needs to be measured and how organizations can continuously improve processes to deliver incremental value. The report also cites examples of new hire quality measures used in large corporations.
About iLogos Research
iLogos Research (www.ilogos.com) consults with large organizations on the economics of staffing management. The specialty consulting and research practice focuses on business analytics that tie staffing technology and process improvements to financial results. iLogos conducts primary research on critical issues of staffing management and maintains a valuable library of staffing management resources. Published reports and studies include Internal Mobility, Economics of Candidate Relationship Databases, TrendWatch, Corporate Careers Site Value Creation, Jobseeker Surveys, among others. Founded in 1997 as iLogos Internet Intelligence, iLogos is the independent strategic staffing research and metrics consulting division of Taleo.
About Taleo Corporation
Taleo Corporation (formerly Recruitsoft, Inc.), is the leading provider of enterprise staffing management solutions that enable organizations to establish, automate and manage worldwide staffing processes for salaried, hourly and temporary staff. Taleo customers use the company’s solutions to enhance the quality, productivity and satisfaction of their workforces. Taleo solutions incorporate resource allocation principles to more accurately match total labor demand and supply across complex organizations. Taleo customers include Dow Chemical, Honeywell, HP, Mercer Human Resource Consulting, P&G, Starbucks Corporation, SUEZ, UnitedHealth Group, Washington Mutual and Yellow Corporation, among many others. Taleo’s principal office is located in San Francisco, CA.
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