5 Recruiting Metrics that Drive Business Value
Jill is a recruiting manager at her company and is looking to drive strategic changes and increase business value for her organization. Certain measures of recruiting have been successful, but they aren’t exactly telling her the whole story.
After doing some extensive searching online, she discovers five recruiting metrics that will enable her to assess internal processes and hiring workflows that truly drive business value.
- Quality of Hire
Jill can ensure a quality hire by evaluating employee retention, hiring manager satisfaction, cultural fit, employee engagement, and job performance indicators
- Source Strength
Once Jill understands where her top performers are coming from, she can concentrate her recruiting efforts there to find more high-quality candidates.
- Applicants-to-hire ratio
By gaining insight into the effort level needed to fill certain roles, Jill reduces the likelihood of having a shortage of qualified candidates when she needs them.
- New vs. Replacement Hires
Tracking these indicators across specific departments and managers, helps to highlight where changes can be made.
- Onboarding experience
Strong onboarding programs improve new hire retention by 82% and productivity by over 70%.
With these five new recruiting metrics in her arsenal, Jill is well on her way to driving business value by finding high-quality candidates for her positions.
If you want to know more about how to boost recruiting through metrics and analytics, click the link below for more information.