6 Recruitment Metrics you Need to be Using
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Transcript of 6 Recruitment Metrics you Need to be Using
6 Important Recruitment
Metrics: Which Ones
Are You Using?
1. Cost-Per-Hire
Are you tracking every penny spent when you make a new hire? Calculating your average cost-per-hire will aid you to drive down costs.
2. Time-To-Hire
Break down your time-to-hire by stages, such as: interview to offer, offer to acceptance and so on. Knowing the time spent on each stage will provide you with an understanding of where to look when tightening up your internal processes.
3. Source of Application
Without monitoring your source of applications, how can you know which is your most successful platform?
4. Agency Usage
Do you know what percentage of your recruitment is handled by agencies? Traditional recruitment agencies can be costly; this metric will aid you with forecasting your spend.
5. Retention Rates
Often feel you are recruiting for the same role? Identifying trends in your retention rates will allow you strive to change them.
6. Talent Pool Usage
How often are you successfully hiring from your own talent pool? Keeping track of this will help you to ensure your talent pool is as strong as you need it to be.
By focusing on the metrics that matter you can drive down your costs and dramatically improve your internal processes. Webrecruit works with HR professionals - aiding them to do just this. Want more information on recruitment solutions from Webrecruit?
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