There are many metrics that can be tracked when it comes to recruiting, but some of the most important ones include: Time-to-fill: This metric measures the amount of time it takes to fill an open position from the time it is posted to the time an offer is accepted. Cost-per-hire: This metric measures the total cost of hiring a new employee, including advertising, recruiting agency fees, and other expenses. Applicant-to-hire ratio: This metric measures the number of applicants it takes to fill one open position. Quality-of-hire: This metric measures the effectiveness of the hiring process by evaluating the performance of new hires. Retention rate: This metric measures the percentage of new hires who stay with the company for a specified period of time. Diversity: This metric measures the diversity of the candidate pool and the diversity of those who are hired. Source of Hire: This metric measures where the new hires come from, for example, whether they come from job boards, referrals, or employee referrals. By tracking these metrics, organizations can gain valuable insight into the effectiveness of their recruiting efforts and make data-driven decisions to improve their process over time.
Tracking the Key Metrics for Successful Recruiting: Measuring Time-to-Fill, Cost-per-Hire, and More.
