Top Diversity Measures and Metrics: Quality Hire of Diverse Candidates

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