Yield ratio refers to one of the key performance indicators (KPI) in human resources that shows what percentage of candidates from a specific source were invited for an interview.
Yield ratio definition
Yield ratio refers to one of the key performance indicators (KPI) in human resources that shows what percentage of candidates from a specific source was invited for an interview. Essentially, yield ratio shows how efficient is the selected recruiting method.
If we take, for example, posting a job advert to a job board of your choice, here’s how the numbers could look like. During 1 month 1000 visitors clicked on a link to the job, and 150 of them filled the application form and applied. From 150, 30 were invited to an interview, which gives us the following formula:
Yield radio: (30 / 150) x 100% = 20%
This formula would also allow you to measure visitor to lead or lead to hiring ratios.
Yield ratio needs to be tested continuously to calibrate it for each specific job, but in the end, it allows you to find the best source of candidates for each of your job openings.
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