Crosschq, a leader in Hiring Intelligence, has partnered with Aptitude Research to release their latest report, “The Quality of Hire Imperative”, which offers valuable insights and actionable strategies for talent acquisition and HR leaders. The report focuses on how organizations can enhance their Quality of Hire (QoH) to achieve long-term business success and build more aligned, high-performing teams.
Key Insights and Findings from the Report
1. Quality of Hire: The Leading Talent Metric
- Focus Shift: 75% of HR leaders prioritize QoH, reflecting a shift from traditional metrics like time to fill and cost per hire to more outcome-driven measures.
- Impact on Business: High-quality hires directly influence organizational performance, improving retention, productivity, and business resilience.
2. Challenges in Measuring Quality of Hire
- Measurement Gaps: Only 38% of organizations report success in consistently delivering high-quality hires.
- Effective Practices: Leading companies succeed by aligning HR, talent acquisition, and business strategies, leveraging the right tools, and maintaining consistent reporting practices.
3. Role of Purpose-Built Technology
- Investment in Tech: Over half (56%) of high-performing organizations are investing in specialized recruitment technology to enhance QoH measurement through real-time insights, predictive analytics, and centralized data.
- Scalable and Adaptable: Advanced recruitment technology enables organizations to scale their QoH initiatives, providing more accurate and actionable data.
4. Real-World Impact and Expert Insights
- Salesforce Example: Mark Grimwood, Senior Vice President at Salesforce, shared how data-driven hiring practices improved employee performance and retention by aligning recruitment strategies with business goals and leveraging analytics.
- Crosschq CEO’s Perspective: Mike Fitzsimmons emphasized the importance of measuring QoH, stating that companies that can effectively measure QoH are the ones driving the most significant business impact.
The Quality of Hire Imperative report reinforces the strategic value of QoH in talent acquisition and organizational success. By adopting data-driven practices and investing in specialized recruitment technologies, HR leaders can create more aligned, efficient, and high-performing teams that contribute to long-term business success.
