Public Review Period Open for New Cost-per-Hire Metric Standard
Alexandria, Va. – A new human resources standard for measuring cost-per-hire – the first of its kind in the United States − is open for review and comments until March 18, 2011.
The Standard for Measures and Metrics Taskforce, led by the Society for Human Resource Management (SHRM), designed the cost-per-hire metric standard as a tool for organizations to determine accurate and comparable costs of recruitment through a standard algorithm that calculates recruiting costs.
“Previously, organizations had numerous and conflicting approaches for determining cost-per-hire,” said Lee Webster, director of HR standards at SHRM. “The proposed draft standard may soon be used by companies that would prefer to use a metric that consistently and comparably measures the performance of their staffing efforts.”
The draft standard, known as SHRM Draft Standard 6001: Cost Per Hire, is structured at a topical level with components addressing issues for individual organizations based on specific hiring environments and requirements.
The American National Standards Institute (ANSI) designated SHRM as the exclusive U.S. developer of human resources standards in February 2009. SHRM led a taskforce to develop a consensus standard for performance management later that year. SHRM also leads a taskforce devoted to developing a standard for diversity and inclusion.
All SHRM standards are developed with the involvement of those who are affected by the standard. HR practitioners, academics, consultants and line managers from public and private firms across the U.S. participated in the development of the cost-per-hire standard.
SHRM's consensus standards development process is accredited by the ANSI, a private, non-profit organization that administers and coordinates the U.S. voluntary standardization and conformity assessment systems.
Individuals and organizations can view or submit comments on the proposed draft standard by visiting the SHRM balloting website.The comments will be reviewed by the taskforce that developed the standard and will be incorporated where appropriate. Questions about the proposed draft standard or about how to submit comments should be directed to Lee Webster at 1-703-535-6047 or e-mail firstname.lastname@example.org.
About the Society for Human Resource Management
The Society for Human Resource Management (SHRM) is the world’s largest association devoted to human resource management. Representing more than 250,000 members in over 140 countries, the Society serves the needs of HR professionals and advances the interests of the HR profession. Founded in 1948, SHRM has more than 575 affiliated chapters within the United States and subsidiary offices in China and India. Visit SHRM Online at www.shrm.org. Follow us on Twitter at: SHRMPress.
About The American National Standards Institute, Inc.
The American National Standards Institute, Inc. (ANSI) is the national coordinator of voluntary standards development and the clearinghouse in the United States for information on national and international standards. www.ansi.org/