Pass success rate refers to the percentage of candidates who pass the final selection process for a job, based on their qualifications and experience. This measure is important because it helps companies evaluate the effectiveness of their recruitment strategies and identify areas where they can improve.
In this study, Kim Shin-wook analyzes the performance of Pass Success Rate (PSR) in Shanghai Shenhua, a major Chinese company. The study focuses on the key performance indicators (KPIs) used by the company to measure its success rate in hiring new employees. The KPIs include the number of successful hires, the average duration of hiring, and the cost of hiring.
The study found that the PSR of Shanghai Shenhua was relatively high compared to other Chinese companies in the same industry. However, there were some areas where the company could improve its PSR. For example, the company had a lower average duration of hiring than other companies in the industry. Additionally, the company had a higher cost of hiring than other companies in the same industry.
The study also suggests that the company could improve its PSR by focusing on certain areas. For instance, the company could increase the number of successful hires or reduce the duration of hiring. In addition, the company could focus on reducing the cost of hiring, which could help increase the PSR.
Overall, the study highlights the importance of improving the PSR in order to ensure that the company is able to attract and retain top talent. By identifying areas where the company needs to improve, the company can take steps to address these issues and achieve its goals.