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Quality of Hire Formula

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Quality of hire measures the value that new hires bring to a company. Check FAQs

QoH = \frac{JPS + Rut + ES + CFS}{I}

QoH - Quality of Hire?JPS - Job Performance Score?Rut - Ramp Up Time Score?ES - Engagement Score?CFS - Cultural Fit Score?I - Number of Indicators?

Quality of Hire Example

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Here is how the Quality of Hire equation looks like with Values.

Here is how the Quality of Hire equation looks like with Units.

Here is how the Quality of Hire equation looks like.

55 = \frac{85 + 20 + 70 + 45}{4}

55 = \frac{85 + 20 + 70 + 45}{4}

55 = \frac{85 + 20 + 70 + 45}{4}

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Quality of Hire Solution

Follow our step by step solution on how to calculate Quality of Hire?

FIRST Step Consider the formula

QoH = \frac{JPS + Rut + ES + CFS}{I}

Next Step Substitute values of Variables

∴

QoH = \frac{85 + 20 + 70 + 45}{4}

Next Step Prepare to Evaluate

∴

QoH = \frac{85 + 20 + 70 + 45}{4}

LAST Step Evaluate

∴

QoH = 55

Quality of Hire Formula Elements

Variables

Quality of Hire

Quality of hire measures the value that new hires bring to a company.

Symbol: QoH

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Quality of Hire

Job Performance Score

Job Performance Score is defined as the total expected value to the organization of the discrete behavioral episodes that an individual carries out over a specified time period.

Symbol: JPS

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Job Performance Score

Ramp Up Time Score

Ramp Up Time Score refers to the amount of time that a new hire takes to reach full productivity in their role at the company.

Symbol: Rut

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Ramp Up Time Score

Engagement Score

The Engagement Score is a quantitative measure that represents the level of employee engagement within an organization.

Symbol: ES

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Engagement Score

Cultural Fit Score

Cultural Fit Score is the congruence of core values, behaviors and goals between your company culture and that of a potential candidate.

Symbol: CFS

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Cultural Fit Score

Number of Indicators

Number of Indicators refers to a measurement or value which gives you an idea of what something is like.

Symbol: I

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Number of Indicators

Other formulas in Human Resource Metrics category

Go Absenteeism Rate

AR = \frac{TUL}{NWD} \cdot 100

Go Cost Per Hire

CPH = \frac{ERE + HR exp}{SH}

Go Employee Turnover Rate

ETR = (\frac{E sep}{AVG emp}) \cdot 100

Go Human Capital Return on Investment

HCROI = \frac{R - NHC exp}{HC exp}

How to Evaluate Quality of Hire?

Quality of Hire evaluator uses Quality of Hire = (Job Performance Score+Ramp Up Time Score+Engagement Score+Cultural Fit Score)/Number of Indicators to evaluate the Quality of Hire, Quality of Hire (QoH) measures the value that new hires bring to a company. Quality of Hire is denoted by QoH symbol.

How to evaluate Quality of Hire using this online evaluator? To use this online evaluator for Quality of Hire, enter Job Performance Score (JPS), Ramp Up Time Score (Rut), Engagement Score (ES), Cultural Fit Score (CFS) & Number of Indicators (I) and hit the calculate button.

FAQs on Quality of Hire

What is the formula to find Quality of Hire?

The formula of Quality of Hire is expressed as Quality of Hire = (Job Performance Score+Ramp Up Time Score+Engagement Score+Cultural Fit Score)/Number of Indicators. Here is an example- 53.75 = (85+20+70+45)/4.

How to calculate Quality of Hire?

With Job Performance Score (JPS), Ramp Up Time Score (Rut), Engagement Score (ES), Cultural Fit Score (CFS) & Number of Indicators (I) we can find Quality of Hire using the formula - Quality of Hire = (Job Performance Score+Ramp Up Time Score+Engagement Score+Cultural Fit Score)/Number of Indicators.

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Quality of Hire Formula

Quality of Hire Example

Quality of Hire Solution

Quality of Hire Formula Elements

Other formulas in Human Resource Metrics category

How to Evaluate Quality of Hire?

FAQs on Quality of Hire

Variable Name