DR. TYRONE A. HOLMES, ED.D, CPT
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Top Diversity Measures and Metrics: Quality Hire of Diverse Candidates

12/16/2013

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Like the quality hire rate metric, quality hire of diverse candidates can help you evaluate the efficacy of your hiring process by telling you how effective you are at selecting high performers who can be promoted and who stay with the company. In addition, it allows you to compare the quality of hires between different employee demographics and categories. The quality hire of diverse candidates formula also uses performance ratings, promotion percentage and retention rate as primary performance indicators as follows:
  • QHDC = PRD + PROMD + RRD/Number of Indicators
  • PRD = Average Performance Rating Percentage for Diverse Employees
  • PROMD = Promotion Percentage for Diverse Employees
  • RRD = Retention Rate for Diverse Employees
  • Example: 80% + 32% + 92%/3 = 68% Quality Hire Rate
Please note this will be my last post until after the New Year. I look forward to connecting with you again next month. Have a safe and prosperous holiday season! 

Next Post: January 6, 2014 – Top Diversity Measures and Metrics: Turnover Rate
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Top Diversity Measures and Metrics: Quality Hire Rate

12/12/2013

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Another useful diversity metric is one that helps organizations evaluate the quality of their hiring process. Quality hire rate does this by telling you how effective you are at hiring high performers who can be promoted and who stay with the company. The quality hire formula uses performance ratings, promotion percentage and retention rate as primary performance indicators as follows:
  • QHR = PR + PROM + RR/Number of Indicators
  • PR = Average Performance Rating Percentage
  • PROM = Promotion Percentage
  • RR = Retention Rate
  • Example: 85% + 25% + 90%/3 = 66.7% Quality Hire Rate
Next Post: December 16, 2013 – Top Diversity Measures and Metrics: Quality Hire of Diverse Candidates
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Top Diversity Measures and Metrics: Diversity Hit Rate

12/9/2013

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In my last post, I introduced hit rate, which tells you how effective you are at marketing your organization to potential candidates by comparing the number of job offers accepted by candidates to the number of offers extended by your organization. Diversity hit rate uses a similar formula that allows you to compare hit rates between different employee demographics and categories:
  • DHR = Number of Job Offers Accepted by Diverse Candidates/Number of Job Offers Extended to Diverse Candidates
  • Example: 14 job offers accepted/22 job offers extended = 63.6% Hit Rate
Next Post: December 12, 2013 – Top Diversity Measures and Metrics: Quality Hire
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Top Diversity Measures and Metrics: Hit Rate

12/5/2013

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Hit rate tells you how effective you are at marketing your organization to potential candidates. It does so by comparing the number of job offers accepted by candidates to the number of offers extended by your organization. Here is a formula you can use to determine hit rate:
  • HR = Number of Job Offers Accepted by Candidates/Number of Job Offers Extended to Candidates
  • Example: 36 job offers accepted/44 job offers extended = 81.8% Hit Rate
Next Post: December 9, 2013 – Top Diversity Measures and Metrics: Diversity Hit Rate
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Top Diversity Measures and Metrics: Staff Diversity Percentage

12/2/2013

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Staff diversity percentage is another very simple, yet useful metric that tells you how effective you are at increasing diversity at various organizational levels, divisions and departments. Here is a formula you can use to determine staff diversity percentage within a business unit, at a particular job grade, or for the entire organization:
  • SDP = Number of Diverse Employees/Total Number of Employees
  • Example: 24 diverse employees/208 total employees = 11.5% Staff Diversity Percentage
Next Post: December 5, 2013 – Top Diversity Measures and Metrics: Hit Rate
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    Dr. Tyrone A. Holmes is an author, speaker, coach and consultant. He helps his clients develop the skills needed to communicate, resolve conflict, solve problems and improve performance in diverse organizational settings.

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