Number of new hires as a percentage of approved job requisitions
This measure calculates the percentage of new hires out of total approved job requisitions. It is part of a set of process efficiency measures that help companies optimize their "manage new hire/re-hire" process by minimizing waste and refining resource consumption.
Benchmark Data
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Learn about MembershipMeasure Category:
Process Efficiency
Measure ID:
104564
Total Sample Size:
1,446 All Companies
Performers:
| 25th | Median | 75th |
|---|---|---|
| - | - | - |
Key Performance Indicator:
No
Compute this Measure
Units for this measure are percent.
(Total number of new hires / Annual number of job requisitions) * 100
Key Terms
Process efficiency represents how well a process converts its inputs into outputs. A process that converts 100% of the inputs into outputs without waste is more efficient than one that converts a similar amount of inputs into fewer outputs.