Percentage of recruits leaving in the first year
This is arguably the most important metric to determine hiring success in a company.
This early leaver metric indicates whether there is a mismatch between the person and the company or between the person and his/her position. Early turnover is also very expensive. It usually takes 6 to 12 months before employees have fully learned the ropes and reach their ‘Optimum Productivity Level’. According to a 2014 Oxford Economics report, the lost output cost over this period averages £30,000 ($43,700) for new hires.