10 analytics every recruiter should follow
DESCRIPTION
Numbers always facilitate an organisation to plan the efficiency of any activity. The same applies for hiring method as well. Using elaborated recruitment analytics reports bring out important insights to enhance the effectiveness of the hiring process. A free cloud based applicant tracking system helps generate automated reports on channel sourcing, time taken for hiring, applicant tracking reports, recruitment performance report and much more. - PowerPoint PPT PresentationTRANSCRIPT
Numbers always facilitate an organization to plan
the efficiency of any activity. The same applies for
hiring method as well. Using elaborated analytics
reports bring out important insights to enhance the
effectiveness of the hiring process.
Here are 10 analytics every recruiter should follow in
their hiring process.
Open vs Planned Vacancies
1
Time for Hiring
2
Plan in advance for
1. Urgent positions to open
2. Openings to come in future
3. Timeline of hiring process
4. Allocation of budget and resources accordingly
Keep a note of
1. Date of opening the position
2. Date of closing the position
3. Comparison with given timeline
4. Better resources to source the profiles and avoid exceeding timeline
Channel Sourcing
3
Referral Rate
4
Effectiveness of the channels for
1. No. of profiles received
2. Relevancy of the profiles
3. Cost per closure
4. Allocation of resources and budget accordingly
Keep an eye on
1. No. of Referrals joined / No. of Candidates referred
2. Down sliding referral rate.
3. The need to bring modifications in referral incentive policy to motivate current employees
Rejection Rate
5 Offer Acceptance Rate
6
Keep a note of
1. No. of Candidates selected / No. of Candidates appeared
2. Upward moving rejection rate.
3. Feedback from project team to understand misfit candidates, non-relevant profiles etc.
Keep a track of
1. No. of offers accepted / No. of offers released
2. Slow down in the rate
3. Feedback from candidates to understand mismatch in expectations, better salary by competitor etc.
Mixed Gender Ratio
7 Applicant TrackingReports
8
Metric to bring balance in
1. All level positions
2. All verticals and teams
3. Ideas and thoughts
4. Equality to both gender
Bring Automation into
1. Parsing the resumes
2. Flow of interview stages
3. Joined or rejected
4. Exact timeline of each applicant
Recruitment Performance Report
9
Cost of Hire
10
Daily, Weekly & Monthly reports of
1. Profiles Sourced for hiring
2. Interview Scheduled
3. Closures made
4. Time taken to hire
The Cost Parameters include
1. Offline Advertising
2. Online Advertising
3. Job Sites
4. Recruitment agency fees
We’ve even evaluated and come up with one cloud
based recruitment management platform which
covers most of these analytics requirements -
Applicant Tracking System.
Generate effective automated reports on channel
sourcing, time taken for hiring, applicant tracking
reports, recruitment performance report and much
more.
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