SlideShare a Scribd company logo
1 of 16
13 Uncommon Recruitment Metrics You Can’t Afford to Ignore
Time-to-hire, cost-per-hire, employee turnover… let’s dig a
little deeper with these 13 metrics.
To Find: Quality of Candidates Offered an Interview
Use Your: Screened Candidates to Interviews Ratio
The lower the ratio, the better quality your talent pool.
FIX: Check your screened candidates to interview ratio per
hiring manager. You may find there is an issue in a certain
department!
To Find: Quality of the Candidate Screening Process
Use Your: Face-to-Face Candidate Interviews to Offers
Extended
The lower the ratio, the higher quality the screening process.
FIX: If your numbers are off, try adding an additional video
screen or a team interview into the process.
To Find: Quality and Competitiveness of Job Offers
Use Your: Offers Extended to Offers Accepted
The higher the ratio, the less competitive your offers.
FIX: If you can’t adjust your salary base, try presenting unique
benefits earlier in the process.
To Find: Strengths and Weaknesses in Time-to-Hire
Use Your:
• Time to advertise the position on channels
• Time to identify candidates and offer interview
• Time to complete all interviews
• Time to complete background and reference checks
• Time to create and extend the offers
• Time for candidate to accept offers
The higher the time, the weaker the process.
FIX: Are you spending lots of money on a source that takes
forever to pay dividends? Pull quality candidates into the
process sooner with an assessment or video screen.
To Find: Quality of Candidate Source
Use Your:
# of Applicants to Interviewees from Each Source
# of Interviewees to Hires from Each Source
The higher the ratio, the higher quality candidate source.
FIX: If a source is using a big piece of your recruiting budget
and resulting in lots of applicants but few hires, it’s time to
restructure your recruiting spend. Try niche job boards or
localized recruitment advertising!
To Find: Cost per Onboarding New Hire
Use Your: [Time x rate of new hire] + [Time x rate of HR dept
employees]
Don’t forget to include benefits when measuring the rate of a
new hire and the rate of HR dept employees!
FIX: If you haven’t done so already, standardize your
onboarding process and get it online, so you can start
onboarding once the candidate accepts your offer!
To Find: Quality of Onboarding
Use Your: # of Hired Candidates to # New Hires Remaining in 6
Months
The higher the ratio, the better quality your onboarding.
FIX: Introduce goals and mentoring into your onboarding
process to increase retention numbers!
Recruitment Analytics are Hard to Figure Out
Fill out the form, and we'll send you our Recruitment Resource
Pack for FREE!
A Quick Guide to Understanding Recruiting Analytics
The Top KPIs Your Recruiting Team Should Know
How to Segment Your Candidates to Create Better Job Ads!
Download Here: http://hubs.ly/H04g0n90

More Related Content

What's hot

Employer Branding by Rachele Focardi, Universum Asia
Employer Branding by Rachele Focardi, Universum AsiaEmployer Branding by Rachele Focardi, Universum Asia
Employer Branding by Rachele Focardi, Universum Asia
HRBoss
 
HRM Employee Value Proposition Survey Results
HRM Employee Value Proposition Survey ResultsHRM Employee Value Proposition Survey Results
HRM Employee Value Proposition Survey Results
gmorris1974
 

What's hot (20)

Turbo-Charge Your Talent Brand: Develop your Employee Value Proposition | Tal...
Turbo-Charge Your Talent Brand: Develop your Employee Value Proposition | Tal...Turbo-Charge Your Talent Brand: Develop your Employee Value Proposition | Tal...
Turbo-Charge Your Talent Brand: Develop your Employee Value Proposition | Tal...
 
Employer Branding
Employer BrandingEmployer Branding
Employer Branding
 
Enhancing the employer brand
Enhancing the employer brandEnhancing the employer brand
Enhancing the employer brand
 
Talisman Energy - HRM Asia 2014 - Benjamin Nomine
Talisman Energy - HRM Asia 2014 - Benjamin NomineTalisman Energy - HRM Asia 2014 - Benjamin Nomine
Talisman Energy - HRM Asia 2014 - Benjamin Nomine
 
Employer Branding
Employer BrandingEmployer Branding
Employer Branding
 
Building an employee value proposition
Building an employee value propositionBuilding an employee value proposition
Building an employee value proposition
 
Branding Beyond Borders: A Quick Guide for International Employer Branding
Branding Beyond Borders: A Quick Guide for International Employer BrandingBranding Beyond Borders: A Quick Guide for International Employer Branding
Branding Beyond Borders: A Quick Guide for International Employer Branding
 
Developing Your Employer Value Proposition
Developing Your Employer Value PropositionDeveloping Your Employer Value Proposition
Developing Your Employer Value Proposition
 
FitFlop Case Study: Building an Employer Brand – it’s easy, isn’t it?
FitFlop Case Study: Building an Employer Brand – it’s easy, isn’t it? FitFlop Case Study: Building an Employer Brand – it’s easy, isn’t it?
FitFlop Case Study: Building an Employer Brand – it’s easy, isn’t it?
 
Creating a Compelling EVP
Creating a Compelling EVP Creating a Compelling EVP
Creating a Compelling EVP
 
What's Next: Employer Branding
What's Next: Employer BrandingWhat's Next: Employer Branding
What's Next: Employer Branding
 
Employer Branding by Rachele Focardi, Universum Asia
Employer Branding by Rachele Focardi, Universum AsiaEmployer Branding by Rachele Focardi, Universum Asia
Employer Branding by Rachele Focardi, Universum Asia
 
Employer branding steps
 Employer branding steps Employer branding steps
Employer branding steps
 
How Deloitte Approaches Global Employer Branding
How Deloitte Approaches Global Employer BrandingHow Deloitte Approaches Global Employer Branding
How Deloitte Approaches Global Employer Branding
 
Crafting a Powerful Employee Value Proposition
Crafting a Powerful Employee Value PropositionCrafting a Powerful Employee Value Proposition
Crafting a Powerful Employee Value Proposition
 
Using Employer Branding to Win Top Talent | Webinar
Using Employer Branding to Win Top Talent | WebinarUsing Employer Branding to Win Top Talent | Webinar
Using Employer Branding to Win Top Talent | Webinar
 
Livt employer branding ebook
Livt employer branding ebookLivt employer branding ebook
Livt employer branding ebook
 
HRM Employee Value Proposition Survey Results
HRM Employee Value Proposition Survey ResultsHRM Employee Value Proposition Survey Results
HRM Employee Value Proposition Survey Results
 
Progressive - Building a compelling employer brand
Progressive - Building a compelling employer brandProgressive - Building a compelling employer brand
Progressive - Building a compelling employer brand
 
Employer Branding Research Methodology
Employer Branding Research MethodologyEmployer Branding Research Methodology
Employer Branding Research Methodology
 

Similar to 13 Uncommon Recruitment Metrics You Can't Afford to Ignore

National sales org case study final
National sales org case study finalNational sales org case study final
National sales org case study final
margotking
 
Strategies_HelpWanted_ebook
Strategies_HelpWanted_ebookStrategies_HelpWanted_ebook
Strategies_HelpWanted_ebook
Christiane Soto
 
Strategies help wanted_ebook
Strategies help wanted_ebookStrategies help wanted_ebook
Strategies help wanted_ebook
Craig Albin
 
Recruiting Metrics Presentation
Recruiting Metrics PresentationRecruiting Metrics Presentation
Recruiting Metrics Presentation
Rachel Webb
 
Candidate Experience - Ideology & App
Candidate Experience - Ideology & AppCandidate Experience - Ideology & App
Candidate Experience - Ideology & App
Namratha Nandish
 
the-ultimate-hiring-toolbox-new
the-ultimate-hiring-toolbox-newthe-ultimate-hiring-toolbox-new
the-ultimate-hiring-toolbox-new
Shirisha M.S
 
the-ultimate-hiring-toolbox-new
the-ultimate-hiring-toolbox-newthe-ultimate-hiring-toolbox-new
the-ultimate-hiring-toolbox-new
Arabinda Das
 

Similar to 13 Uncommon Recruitment Metrics You Can't Afford to Ignore (20)

E book - Hiring tool kit for Smart Recruiters
E book - Hiring tool kit for Smart RecruitersE book - Hiring tool kit for Smart Recruiters
E book - Hiring tool kit for Smart Recruiters
 
National sales org case study final
National sales org case study finalNational sales org case study final
National sales org case study final
 
The Numbers Game: How to Use Data to Land Top Talent
The Numbers Game: How to Use Data to Land Top TalentThe Numbers Game: How to Use Data to Land Top Talent
The Numbers Game: How to Use Data to Land Top Talent
 
cheatsheet-recruiting-metrics-for-smbs_v2.pdf
cheatsheet-recruiting-metrics-for-smbs_v2.pdfcheatsheet-recruiting-metrics-for-smbs_v2.pdf
cheatsheet-recruiting-metrics-for-smbs_v2.pdf
 
Unit 3 talent management-employee engagement
Unit 3  talent management-employee engagementUnit 3  talent management-employee engagement
Unit 3 talent management-employee engagement
 
Selection Process ppt.pptx
Selection Process ppt.pptxSelection Process ppt.pptx
Selection Process ppt.pptx
 
Strategies_HelpWanted_ebook
Strategies_HelpWanted_ebookStrategies_HelpWanted_ebook
Strategies_HelpWanted_ebook
 
Strategies help wanted_ebook
Strategies help wanted_ebookStrategies help wanted_ebook
Strategies help wanted_ebook
 
Restricting the recruitment and selection.pptx
Restricting the recruitment and selection.pptxRestricting the recruitment and selection.pptx
Restricting the recruitment and selection.pptx
 
Recruiting Metrics Presentation
Recruiting Metrics PresentationRecruiting Metrics Presentation
Recruiting Metrics Presentation
 
Candidate Experience - Ideology & App
Candidate Experience - Ideology & AppCandidate Experience - Ideology & App
Candidate Experience - Ideology & App
 
Fifty shades of rpo webinar final
Fifty shades of rpo webinar finalFifty shades of rpo webinar final
Fifty shades of rpo webinar final
 
GUIDE TO HIRING
GUIDE TO HIRINGGUIDE TO HIRING
GUIDE TO HIRING
 
2015 Ultimate Hiring Toolbox For Small & Medium Businesses
2015 Ultimate Hiring Toolbox For Small & Medium Businesses2015 Ultimate Hiring Toolbox For Small & Medium Businesses
2015 Ultimate Hiring Toolbox For Small & Medium Businesses
 
the-ultimate-hiring-toolbox-new
the-ultimate-hiring-toolbox-newthe-ultimate-hiring-toolbox-new
the-ultimate-hiring-toolbox-new
 
the-ultimate-hiring-toolbox-new
the-ultimate-hiring-toolbox-newthe-ultimate-hiring-toolbox-new
the-ultimate-hiring-toolbox-new
 
The ultimate hiring tool box for small medium business
The ultimate hiring tool box for small medium businessThe ultimate hiring tool box for small medium business
The ultimate hiring tool box for small medium business
 
Recruitment and Selection
Recruitment and SelectionRecruitment and Selection
Recruitment and Selection
 
Recruiting Top Talent
Recruiting Top TalentRecruiting Top Talent
Recruiting Top Talent
 
Presenatation Local
Presenatation LocalPresenatation Local
Presenatation Local
 

13 Uncommon Recruitment Metrics You Can't Afford to Ignore

  • 1. 13 Uncommon Recruitment Metrics You Can’t Afford to Ignore Time-to-hire, cost-per-hire, employee turnover… let’s dig a little deeper with these 13 metrics.
  • 2. To Find: Quality of Candidates Offered an Interview Use Your: Screened Candidates to Interviews Ratio The lower the ratio, the better quality your talent pool.
  • 3. FIX: Check your screened candidates to interview ratio per hiring manager. You may find there is an issue in a certain department!
  • 4. To Find: Quality of the Candidate Screening Process Use Your: Face-to-Face Candidate Interviews to Offers Extended The lower the ratio, the higher quality the screening process.
  • 5. FIX: If your numbers are off, try adding an additional video screen or a team interview into the process.
  • 6. To Find: Quality and Competitiveness of Job Offers Use Your: Offers Extended to Offers Accepted The higher the ratio, the less competitive your offers.
  • 7. FIX: If you can’t adjust your salary base, try presenting unique benefits earlier in the process.
  • 8. To Find: Strengths and Weaknesses in Time-to-Hire Use Your: • Time to advertise the position on channels • Time to identify candidates and offer interview • Time to complete all interviews • Time to complete background and reference checks • Time to create and extend the offers • Time for candidate to accept offers The higher the time, the weaker the process.
  • 9. FIX: Are you spending lots of money on a source that takes forever to pay dividends? Pull quality candidates into the process sooner with an assessment or video screen.
  • 10. To Find: Quality of Candidate Source Use Your: # of Applicants to Interviewees from Each Source # of Interviewees to Hires from Each Source The higher the ratio, the higher quality candidate source.
  • 11. FIX: If a source is using a big piece of your recruiting budget and resulting in lots of applicants but few hires, it’s time to restructure your recruiting spend. Try niche job boards or localized recruitment advertising!
  • 12. To Find: Cost per Onboarding New Hire Use Your: [Time x rate of new hire] + [Time x rate of HR dept employees] Don’t forget to include benefits when measuring the rate of a new hire and the rate of HR dept employees!
  • 13. FIX: If you haven’t done so already, standardize your onboarding process and get it online, so you can start onboarding once the candidate accepts your offer!
  • 14. To Find: Quality of Onboarding Use Your: # of Hired Candidates to # New Hires Remaining in 6 Months The higher the ratio, the better quality your onboarding.
  • 15. FIX: Introduce goals and mentoring into your onboarding process to increase retention numbers!
  • 16. Recruitment Analytics are Hard to Figure Out Fill out the form, and we'll send you our Recruitment Resource Pack for FREE! A Quick Guide to Understanding Recruiting Analytics The Top KPIs Your Recruiting Team Should Know How to Segment Your Candidates to Create Better Job Ads! Download Here: http://hubs.ly/H04g0n90