In this insightful webinar, talent acquisition expert Corey Shaw, founder of Northstar Talent, joins host Brianna to dive deep into the critical topic of measuring and improving the quality of hire. With over 20 years of experience in leading talent acquisition programs, Corey shares actionable strategies for optimizing hiring processes, enhancing candidate experience, and ensuring long-term employee engagement and retention.

Takeaways

The Cost of a Bad Hire: A poor hiring decision can cost 30% to 200% of an employee’s annual salary, impacting both finances and team morale.

Defining Quality of Hire: Quality of hire goes beyond job performance—it includes engagement, retention, productivity, and alignment with organizational goals.

Key Metrics to Measure: Track retention, engagement, productivity, and diversity to evaluate the success of your hiring process.

The Role of Soft Skills: While technical skills are essential, soft skills like adaptability, communication, and cultural fit are critical for long-term success.

Onboarding Matters: A structured 90-day to 6-month onboarding plan is crucial for setting new hires up for success and ensuring they feel connected to the organization’s purpose.

Leveraging Technology: Tools like pre-hire assessments, candidate experience surveys, and AI-driven sourcing platforms can streamline recruitment and improve hiring outcomes.

Leadership’s Role: Every leader, from CEOs to junior managers, plays a part in attracting, retaining, and developing top talent.

Chapters

0:00 - 1:17 Introduction to Quality of Hire

1:17 - 4:30 Defining Success in Hiring

4:30 - 8:30 Key Metrics for Measuring Quality of Hire

8:30 - 11:29 Core metrics: retention, engagement, productivity, and diversity.

11:29 - 19:44 Onboarding for Long-Term Success

19:44 - 27:11 Leveraging Technology and Tools

27:11 - 31:17 Leadership’s Role in Talent Acquisition

31:17 - 32:18 Q&A and Closing Thoughts