Small Biz Flash

6-28-22 – Net Hiring Score Is a Great Recruiting Metric


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NEWS ROUNDUP

1

Small businesses are fearful a new climate rule under consideration by the US Securities and Exchange Commission could have dire consequences on sales, by driving away their larger, corporate customers.

https://www.wsj.com/articles/small-businesses-plead-with-sec-to-show-restraint-on-climate-rules-11655916721?tpl=cb

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2

There is a substantial discrepancy between the way employers and employees of small and medium-sized businesses think about benefits, according to a report released by PeopleKeep, a benefits administration software company.

https://apnews.com/press-release/globe-newswire/small-business-d5d4fa24622a3dba36812a1314da408b

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3

In what could be another sign the economy is slowing, the Federal Reserve Bank of Richmond released its monthly Survey of Manufacturing Activity today.

https://www.richmondfed.org/research/regional_economy/surveys_of_business_conditions/manufacturing

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FEATURE – Net Hiring Score Is a Great Recruiting Metric

One way to make your recruiting process more effective is by measuring its results through a metric called the Net Hiring Score.

There are numerous ways the Net Hiring Score can be implemented.

First, you can calculate a leading Net Hiring Score within 24 hours following each interview, to immediately evaluate the quality of candidates being supplied.

You can also calculate a lagging Net Hiring Score for all hires, conducted 90 days into the new job. 

A third way to calculate the Net Hiring Score is by having the new employee evaluate their job, again 90 days after hire.

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Small Biz FlashBy Adam Hewitt