Recruitment Metrics

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Recruitment Metrics

SUBMITTED BY:
HARSHITA TAYAL
What is Recruitment Metrics

RECRUITMENT METRICS ARE KEY PERFORMANCE


I N D I C AT O R S T H AT H E L P O R G A N I Z AT I O N S
M E A S U R E A N D I M P R O V E T H E I R TA L E N T
ACQUISITION PROCESSES. THESE METRICS
P R O V I D E VA L U A B L E I N S I G H T S I N T O T H E
E F F I C I E N C Y, E F F E C T I V E N E S S , A N D S U C C E S S O F A
C O M PA N Y ' S H I R I N G E F F O RT S .
Some Key Recruitment Metrics

Time to Hire
Quality of Hire
Cost per Hire
Applicant Conversion Rate
Offer Acceptance Rate
Retention Rate
Selection Ratio
Interviews per Hire
TIME TO HIRE

Applications Received

• The start of the hiring process, when a candidate submits their application .

Screening

• The time it takes to review and evaluate the candidate's qualifications .

Offer Extended

• The final stage, where the selected candidate is offered the position.
QUALITY OF HIRE

Skills Performance Engagement


The degree to which the The new hire's ability to The new hire's level of
new hire possesses the meet or exceed the expected enthusiasm and commitment
necessary competencies for job performance standards. to the organization.
the role.
COST PER HIRE

Advertising Candidate Sourcing


The expenses associated with posting job The costs of tools and resources used to
listings and promoting the role. identify and reach potential candidates.

Interviewing Onboarding
The time and resources spent on the The costs of training and integrating a
interview process. new hire into the organization.
APPLICANT CONVERSION RATE

Applicants Screened Interviewed

The total number of The number of applicants The number of screened


individuals who apply for a who successfully pass the applicants who are invited to
job opening. initial screening process. an interview.
RETENTION RATE

• New Hires
1 • The total number of employees hired during
a specific period.

2 • Retained Employees
• The number of new hires who remain with the organization after a certain time frame.

3 • Retention Rate
• The percentage of new hires who are still employed after a specified duration.
OFFER ACCEPTANCE RATE

Qualified Offers Offers


Candidates Extended Accepted

• The pool of
• The number of
candidates who • The number of
qualified
have the necessary offered positions
candidates who
skills and that are accepted
are offered the
experience for the by the candidates.
position.
role.
Introduction to KPI’s

K E Y P E R F O R M A N C E I N D I C AT O R S ( K P I S ) A R E
E S S E N T I A L M E T R I C S T H AT O R G A N I Z AT I O N S
USE TO MEASURE AND TRACK PROGRESS
T O WA R D S T H E I R S T R AT E G I C G O A L S .
U N D E R S TA N D I N G H O W T O D E F I N E , A L I G N ,
A N D E F F E C T I V E LY U T I L I Z E K P I S I S C R U C I A L
F O R D ATA - D R I V E N D E C I S I O N M A K I N G A N D
CONTINUOUS IMPROVEMENT.
Aligning KPIs with Recruitment Goals

1 • Define Recruitment Goals


• Establish clear and measurable objectives for the recruitment process.

2 • Set Targets and Benchmarks


• Determine desired performance levels and compare to industry standards.

3 • Select Relevant KPIs


• Choose KPIs that directly support the achievement of recruitment goals.
Measuring and Monitoring Recruitment KPI’S

Consistent Centralized Cross-Functional Continuous


Tracking Reporting Collaboration Optimization

Monitor KPIs on a Utilize dashboards or Involve stakeholders Regularly review and


regular basis, such as other data visualization across the organization adjust KPIs to reflect
weekly or monthly. tools to track KPI to gather insights and changing recruitment
performance. drive improvement. objectives.
Interpreting Recruitment KPI Data

Identify Uncover Benchmark


Trends Insights Performance

Analyze KPI
Dig deeper
data over time Compare your KPIs
into the data
to spot to industry
to understand standards or
patterns and
the root competitors to
understand assess relative
causes behind performance.
performance
KPI results.
changes.
Optimizing Recruitment Strategies with KPIs

Identify Opportunities
Use KPI data to pinpoint areas for improvement
in the recruitment process.

Test and Iterate


Implement changes and monitor the impact on
KPIs to refine your strategies.

Continuous Improvement
Regularly review and update your KPIs to ensure
they align with evolving business needs.
THANK YOU

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