New Cost-Per-Hire HR Standard Open for Second Public Review
Alexandria, Va. – A proposed HR standard for measuring cost-per-hire—the first of its kind in the United States to help organizations calculate recruiting costs—is available for a second public review and comment. The deadline to submit comments on the 44-page draft is June 20.
A Society for Human Resource Management (SHRM)-led Standard for Measures and Metrics Taskforce developed the proposed standard to determine accurate and comparable costs of recruitment and provide standard tools for employers to use.
The taskforce, led by Gerry Crispin, principal at CareerXroads, and workgroup leader Jeremy Shapiro, an executive director in HR at Morgan Stanley, operates under the auspices of the American National Standards Institute (ANSI), which is the authorized U.S. agent for coordinating standards development. In February 2009, it designated SHRM as the exclusive U.S. developer of HR standards.
“The taskforce was pleased by the significant positive feedback it received from the last public view,” said Lee Webster, director of HR standards at SHRM. “Moreover, several commenters provided new ideas that have been incorporated into the standard, requiring a second public review.”
If the public comment period for the cost-per-hire standard results in substantive changes to the draft, the taskforce will rewrite and re-submit it for a third public review. If there are no substantive changes, the taskforce will vote to send the proposed standard to ANSI for a final review.
At minimum, it will take five months after public review before ANSI adopts the proposed standard. Once adopted, the standards will be in effect for five years and available to the public for free.
Questions about the proposed draft standard or about how to submit comments should be directed to Webster at 703-535-6047 or e-mail hrstds@shrm.org. Individuals and organizations can view or submit comments on the proposed draft standard by visiting the SHRM balloting web site.
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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.