What is Recruiting Metrics?
Recruiting metrics refers to measurements used to gather, analyze and track hiring success and optimize the hiring process in order to make more informed decisions and receive the best return on investment.
Recruiting metrics definition
Recruiting metrics refers to measurements used to gather, analyze and track hiring success and optimize the hiring process in order to make more informed decisions and receive the best return on investment.
Popular recruiting metrics
1. Application completion rates: the number of applications started vs. applications completed.
2. Sourcing and channel effectiveness: identifying where applicants and hires are coming from.
3. Cost per hire: read about in our article
4. Time to fill: period from expressing the need for a new position until the successful candidate’s first day of work.
5. Retention rates: measuring for how long they stay with the company.
6. Offer acceptance ratio: measures the ratio between offers accepted and offers extended.
7. Quality of hire: meaures quality of newly hired employees.