HR

New Hires

Definition

Count of employees whose first day fell within the reporting period. The growth-input side of the headcount equation, paired with `hr.voluntary_exits` and `hr.terminations` on the loss side. Common pitfall: counting accepted offers vs actual start dates — these can diverge by weeks (notice period) or fall through entirely (offer rescind, candidate ghosting). The board number should be actual starts, not signed offers; pipeline movement belongs in `hr.hiring_plan` narrative.

Why it matters

Directly drives `hr.headcount_change` and validates execution against `hr.hiring_plan`. Persistent gaps between hiring-plan targets and actual new hires usually indicate either a pipeline problem or compensation-market mismatch — both board-action triggers.

How it's calculated

Count of employees whose official start date is within the reporting period. Exclude rehires within 90 days (boomerangs) from this count if the board has adopted that convention; otherwise include and note in `hr.talent_highlights`.

How to interpret it

Reconcile against `hr.open_positions` closed in period and against `hr.hiring_plan` targets. A new-hire count materially below plan (e.g. <70% of target for two consecutive periods) typically warrants a board conversation about recruiting capacity, comp band competitiveness, or scope realism (industry folk-wisdom, not citation-grade).

Source

Editorial definition As of 2026-04-01

imboard Editorial

Stage relevance

Pre-Seed Recommended Seed Core Series A Core Series B Core Series C Recommended Public Recommended

Typically owned by

HR

Related KPIs

Open Positions

Count of board-approved roles that are currently posted and unfilled (requisition open, offer not yet accepted). The leading-edge indicator for upcoming hiring capacity demand. Common pitfall: "approved" drift — roles that were verbally green-lit but never went through the approval gate get counted here, inflating the number. The board number should match the approved headcount budget; everything else belongs in narrative as "pipeline ideas."

Hiring Plan

Forward-looking narrative on next-period hiring priorities — target roles, sequence, sourcing strategy, and any unusual asks (executive search, specialized recruiter spend, location flexibility shifts). Anchors the board's understanding of where capacity is heading and what approvals or help are needed. Common pitfall: a stale plan that gets copy-pasted across quarters — the hiring plan should evolve with strategy shifts. Best practice is to lead with the 2–3 highest-priority hires and their justification, then a brief on backfills and bench-builds.

Net Headcount Change

Net change in employee headcount during the period — new hires minus (voluntary exits + terminations). The bottom-line growth-or-contraction number on the HR scorecard. Common pitfall: reporting net change without showing the gross-in / gross-out components — boards can't diagnose a flat net number caused by 5 hires and 5 exits the same way they'd diagnose a flat number from zero on each side. Best practice is to surface the four components (new hires, voluntary exits, terminations, net change) together.

Average Days to Fill

Mean elapsed days between requisition opening (approved and posted) and offer acceptance, averaged across requisitions filled in the period. The headline recruiting-velocity KPI commonly tracked in the SHRM Talent Acquisition Benchmarking Report. Common pitfall: choosing between time-to-fill (req-opened to offer-accepted) and time-to-hire (first-applicant to offer-accepted) without locking the convention — the two can differ by weeks. Best practice is to standardize on time-to-fill (the SHRM benchmark convention) and document any deviation.

Key Hires

Field-array of notable individual hires that warrant board-level visibility — typically C-1 executives, director-level functional leaders, and strategic specialist hires. Per-item shape: name, level, role, start status, days-to-fill. Rendered via the T2 collapsible-card gallery pattern. Structural, not numeric — formula does not apply. Common pitfall: listing every hire instead of the strategic few — boards lose signal quickly when this section turns into a directory.

Total Headcount

Total number of employees (W-2 / direct-employment equivalents) across all departments at period end. The base denominator for nearly every other HR ratio — turnover rate, revenue per FTE, payroll as % of burn — so getting the snapshot date and the FTE-vs-headcount convention right matters. Common pitfall: mixing headcount (people) with FTE (capacity) — they diverge whenever part-time, contractor, or shared-services arrangements exist. Document the convention (typically "FTE-equivalent, employees only, end-of-period") at the board level once and apply consistently.

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