Cytiva Software, Inc.

“Rethinking Your Recruiting Metrics for a Down Economy”

Hosted By: David FreemanTalent Management Solutions ConsultantCytiva Software Inc.

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dfreeman@sonicrecruit.comwww.slideshare.net/sonicrecruiter

Recorded Webinarwww.sonicrecruit.com/company/events.htm

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“Rethinking Your Recruiting Metrics for a Down Economy”

Whether or not you need to reevaluate your recruiting goals

Key metrics that can help you focus your efforts for maximum results

How to tailor metrics to support your new goals

“Rethinking Your Recruiting Metrics for a Down Economy”

“Rethinking Your Recruiting Metrics for a Down Economy”

“With Great Change Comes Great Opportunity”

“Rethinking Your Recruiting Metrics for a Down Economy”

“Rethinking Your Recruiting Metrics for a Down Economy”

Transactional Recruiting

• Reactive in approach

•“Apply or Go Away”

• High volumes of applicants from transactional sources

• High number of requisitions per recruiter

•Agency 8-12

•Corporate 25-40

• Emphasis on filling positions quickly

“Rethinking Your Recruiting Metrics for a Down Economy”

Transactional Recruiting Metrics

• Cost-Per-Hire

• Time-to-Fill

• Source Efficiency Based on Quantity vs Quality

• Turnover Percentage

“Rethinking Your Recruiting Metrics for a Down Economy”

Strategic Recruiting

• Proactive, Strategic in Approach

• Creates opportunities for potential candidates to

interact with the company without applying

• More emphasis on quality of candidates by source

• Lower number of requisitions per recruiter

• Still an emphasis on filling positions quickly…but with

a higher expectation of quality

“Rethinking Your Recruiting Metrics for a Down Economy”

Strategic Recruiting Metrics

• Quality of Hire

• Source Efficiency based on # of hires – Source ROI

• Rate of Referral

• Hiring Manager Satisfaction

• Candidate Satisfaction

• Candidate Pipeline Development

• Turnover by Length of Employment

• Process Effectiveness

“Rethinking Your Recruiting Metrics for a Down Economy”

Quality of Hire

• Performance indicators established before the

recruiting process begins

• Performance indicators surveyed frequently

• Formal performance appraisals aligned with Qof H

“Rethinking Your Recruiting Metrics for a Down Economy”

Source Efficiency – Source ROI

• Quality of candidates in pipeline

• Volume of quality candidates in pipeline

• # of hires

• QofH

• Rate of Attrition

“Rethinking Your Recruiting Metrics for a Down Economy”

Rate of Referral

• Focus on recruiter generated referrals

• Separate employee and candidate referrals

“Rethinking Your Recruiting Metrics for a Down Economy”

Hiring Manager Satisfaction

• Did the staffing function meet the expectations of the hiring manager

• Tracked by req, recruiter, manager

“Rethinking Your Recruiting Metrics for a Down Economy”

Candidate/New Hire Satisfaction

• Survey both hired and not hired candidates

• Application process experience

• Interview process experience

• Recruiter interaction

• Hiring manager interaction

“Rethinking Your Recruiting Metrics for a Down Economy”

Candidate Pipeline Development

• Tracked against key/critical roles

• # of qualified candidates sourced by the recruiter with on-going relationships established

• Multiple source tracking important

“Rethinking Your Recruiting Metrics for a Down Economy”

Turnover by Length of Employment

• When are new hires leaving

• less than 30 days, recruiting/selection process

• 30 – 90 days, onboarding/training

• 90 – 180 days, training/perception of long-term opportunity

• +180 days, performance management/perception of long-term opportunity

Employees don’t quit companies, they quit their managers.

“Rethinking Your Recruiting Metrics for a Down Economy”

Process Effectivenes

• Where are candidates falling out of the process?

• Why are they falling out?

• Tracked by % of qualified candidates that move from one step in the process to the next.

•Google Analytics valuable resource for tracking application process effectiveness

“Rethinking Your Recruiting Metrics for a Down Economy”

“Rethinking Your Recruiting Metrics for a Down Economy”

Whether or not you need to re-evaluate your recruiting goals

Key metrics that can help you focus your efforts for maximum results

How to tailor metrics to support your new goals

Cytiva’s Free Webinar series

• Tips and Tricks for Effective E-Recruiting

• Talent Acquisition Systems: Building a Strong Business Case

Visit: www.sonicrecruit.com/company/events.htm

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• Twitter : https://twitter.com/Cytiva

• Facebook: http://tinyurl.com/kt4qut

“Rethinking Your Recruiting Metrics for a Down Economy”

Cytiva Software Inc. offers a wide variety of products and services to help you get the most out of your recruiting efforts.

Talent Acquisition System• Custom career sites• Employee referral management• Career agents• Ad posting and tracking • Manager self-service• Contact management/Outlook integration• EEO/OFCCP compliance• Vendor Management Module• Onboarding Module• Hourly Recruiting System

Consulting SonicPerform Performance Management System

To learn more contact: David FreemanTalent Management Solutions Consultant877-775-0888www.sonicrecruit.com