RECRUITING METRICS
Recruiting Metrics
Recruiting metrics are one of the Key Performance Indicators (KPIs). It is the quantitative measurement used to assess and analyze various aspects of the hiring process within an organization.
Importance of Recruiting Metrics
- Enables organizations to make Data-Driven Decision-Making.
- Facilitates benchmarking against industry standards to gauge competitiveness in talent acquisition.
- Aids in more effective resource allocation by focusing on tactics that produce the best results.
Some Typical Recruiting Metrics
- Cost of Hiring
- Time to hire
- Hiring Velocity
- Time to Fill
- Qualified Candidates per Hire
- Candidate background
- Acceptance rate of offers
- Hiring Quality
- Source of Hire
As each organization has unique requirements, it makes logical for each to track distinct metrics.