New Cost Per Hire Standard- 50 Pages of American National Standard
Just learned that an American National Standard for calculating the Cost Per Hire has been published.
Normally, I’m all for Standards, Consensus, and Systems.
But this one is a 50 page American National Standard just to get the HR Department and the Finance Department to agree that :
CPH = (External Costs) + (Internal Costs) / Total Number of Hires in a Time Period
Seems a bit like overkill.
Although this is a pdf available on line, I question the need for 50 pages to “standardize” a definition of a simple quotient.
In my world, complex minds simplify, and simple minds complexify.
Here’s a link to your own 50 page pdf of ANSI/SHRM 06001.2012