What is hiring rate in SAP EPM-NOV-SWP - Percipient?

SAP Term: hiring rate

• Component: EPM-NOV-SWP

• Component Name: Percipient

• Description: Rate at which an organization hires employees.

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• Key Concepts: 
  Hiring rate is a metric used in SAP EPM-NOV-SWP Percipient to measure the number of new hires in a given period of time. It is calculated by dividing the total number of new hires in a given period by the total number of employees at the beginning of that period. 
  
  How to use it: 
  The hiring rate metric can be used to measure the effectiveness of recruitment efforts and to identify areas where improvements can be made. It can also be used to compare hiring rates across different departments or locations. 
  
  Tips & Tricks: 
  When calculating the hiring rate, it is important to take into account any employees who have left the organization during the period being measured. This will ensure that the hiring rate is an accurate reflection of recruitment efforts. 
  
  Related Information: 
  The hiring rate metric can be used in conjunction with other metrics such as employee turnover rate and employee satisfaction rate to gain a better understanding of an organization's recruitment and retention strategies.