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Alexandria, Va. — The
American National Standards Institute (ANSI) has approved the cost-per-hire standard as the first American national HR standard sponsored by the
Society for Human Resource Management.
cost-per-hire standard provides a tool for organizations to reliably determine employee recruitment costs through an accepted algorithm that includes elements such as addressing organizations’ specific hiring cultures and requirements.
“The approval of this standard as an American National Standard establishes a milestone for the HR profession.It affirms that HR has indeed a ‘technology’ that its professionals must apply, improve and preserve,” said
Lee Webster, SHRM’s director of HR standards. “The HR profession and its stakeholders can now begin to make business decisions based on credible, transferable, and inter-operable human capital analytics.”
A group of
HR practitioners, academics, consultants and managers from public and private organizations across the United States developed the cost-per-hire standard. SHRM sponsored and advised the group.
"The team wanted to create a standard that would be both accepted by the CFO's office and practical to implement by HR,” said Jeremy Shapiro, cost-per-hire workgroup chairman and executive director of Morgan Stanley. “I think we hit the mark."
ANSI designated SHRM as the exclusive United States developer of human resources standards in February 2009. SHRM leads taskforces devoted to developing standards for performance management, diversity and inclusion, measures and metrics, staffing, compliance and regulatory, and employee and labor relations..
In October 2011, SHRM and ASIS International jointly released the
ASIS/SHRMWorkplace Violence Prevention and Intervention American National Standard. The cost-per-hire standard represents the first standard developed solely for HR in the United States.
For more information on HR standards, visithttp://www.shrm.org/HRStandards/Pages/default.aspx.
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
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