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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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    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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  • Home
  • About Us
    • Dr. Tyrone A. Holmes
    • Client List
    • Testimonials
  • Keynotes/Virtual Workshops
  • Virtual Institute
  • Speech Coaching
  • Calendar
    • 2022 Events
    • 2021 Events
    • 2020 Events
    • 2019 Events
    • 2018 Events
    • 2017 Events
    • 2016 Events
    • 2015 Events
    • 2014 Events
  • Publications
    • Newsletters
    • Books
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