Recruitment is one of the vital tasks of any company. Every company has an individual assigned the task of singling out and appointing the qualified and deserving candidate a job opening. This role is important as the individual is responsible for selecting the most appropriate staff for the smooth operation of the company. For better performance of the company, it’s crucial to have a scope of improvement in the job assignment system.
Measuring the level of success and performance of a recruiter shows the pros and cons of a recruitment system. It’s therefore crucial for an organization to inspect and measure their recruiter performance to know how they can improvise.
In recruiting performance, it’s all about measuring the ability of a team or individual to bring in something useful and actionable in the organization.
When measuring recruiting performance, its more about measuring and analyzing what can cause optimal outcomes.
Here are 5 recruitment metrics:
Source Of Hire
Where are your new employees coming from? This is the question answered by this metric. It provides useful insights on how you can reduce costs, which recruitment tools to invest in, and how to allocate advertising and marketing budget.
Time To Fill
It’s a measure of how efficient the recruiting process is. You can improve this using recruiting software tools used to automate the recruiting workflow. Reducing the time to fill creates a competitive recruiting advantage. As a company, you reach out and make offers faster than most of your competitors.
Cost Per Hire
It’s the measure of the cost-effectiveness and efficiency of the recruiting process. This helps guide the recruiting budget and identify areas for improvement.
Quality Of Hire
This is one of the most important recruiting metrics. It’s the measure of how good the recruiting process is. It’s the potential of your recruiting process to select the right people. At the end of every recruitment process, what kind of people did you bring in? Are these the best fit for the current opening based on qualification, skills, character, and experience? Hiring the right people is crucial to the organization, and it’s why this is the most important recruiting metric.
After the successful candidate begins working in the new position, how long do they stay with the company? Analyzing the retention rates provides insight into the harder positions to keep filled and helps understand why certain position employees are leaving to help avoid it in the future.
At Talcura, we provide recruitment tools for the entire team,
Supporting an array of scenarios, the tool enables a lone recruiter to methodically build a pre-screened talent pipeline to fill vacancies as they emerge. For more info visit us online.