Why are recruiting metrics important?

Recruiting metrics help companies determine the time and money spent on specific and differentiated recruiting processes, as well as calculate conversion rates at each stage of the recruiting funnel. Recruiting metrics go beyond numbers. They guide the company in the right direction by making strategic decisions about planning and execution. They can also detect mismatches in the current recruiting process. And most importantly, they help companies improve the quality of the candidates they hire. Data-backed recruiting also helps companies attract and retain the right talent, which in turn supports strategic business objectives. Here are seven important hiring metrics to start monitoring. Hiring Source What is the source of recruitment? The hiring source shows what percentage of your total hires entered your selection process from each recruiting channel or source. Show where your recruiting efforts are effective and where they fail to attract quality candidates. It also shows where it is worth investing more time and money. Did you know? Employee referrals are generally known to be the strongest source of good hires.



Why it's important to follow up: Although employee referrals are one of the most common recruiting sources, they may not necessarily be the best option for you. Instead of investing money in a channel that you're not sure is effective (for example, employee referrals often involve referral bonuses), job portals typically charge a pay-per-click fee for each person who clicks on your channel. job offer), review your hiring data to Brazil Phone Number Data determine where the majority of your candidates are coming from. Keeping track of your hiring sources will also allow you to easily identify where you have hies. How to calculate the source of hiring: of hires / Total of candidates from a specific source = % of hires from a specific source App completion rate What is app completion rate? This metric shows how many people complete the application form in its entirety. Did you know? 10.6% of candidates fill out a job application with less than 25 questions.







Why it's important to track: The application completion rate helps companies measure the success of their job posting and application process. A low application completion rate may mean there is a problem with the application process or the platform. To make informed decisions about who to invite for an interview or move on to the next phase of the recruiting process, companies often ask a large number of questions in the application. However, candidates sometimes find job applications too long or tedious, or that they require duplicate information. In short, work applications tend to be unintuitive. This metric helps you identify where and why applicants drop out of the process. Modifying your application processes will help you improve your application completion rate and prevent potential candidates from backing out on the first try. To help optimize the number of people filling out application forms, ask them to complete a pre-hire skills testalong with a shortened version of the application form for more informative and relevant results.