ANSI Approves First American HR Standard
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 (SHRM).
The 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 the standard as an American National Standard establishes a milestone for the HR profession, says SHRM. It affirms that HR has indeed a “technology” that its professionals must apply, improve, and preserve.
A group of HR practitioners, academics, consultants, and managers from public and private organizations across the U.S. developed the cost-per-hire standard. SHRM sponsored and advised the group.
The team wanted to develop a standard that would be both accepted by the CFO’s office and practical to implement by HR, says a team spokesperson.
ANSI has designated SHRM as the exclusive U.S. developer of human resource standards. 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. The cost-per-hire standard is the first standard developed solely for HR in the U.S.
EXPLORE BY CATEGORY
Stay Connected with CBIA News Digests
The latest news and information delivered directly to your inbox.