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5 Recruitment Metrics that Guarantee Hiring Success

With so many factors to consider, you need to track the right recruiting metrics to truly understand where you’re winning and where you’re not.

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5 Recruitment Metrics that Guarantee Hiring Success

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  1. 5 Recruitment Metrics that Guarantee Hiring Success © 2017 Talismatic - All Rights Reserved.

  2. © 2017 Talismatic - All Rights Reserved. THEN Excerpt from Forbes magazine - Strategic HR guru Josh Bersin first entered the workforce in the late 70’s, his business mantra was “shareholders first, customers second, employees third.” NOW Today this equation has been reversed completely: the CHRO of a large retailer put it clearly: “if we take care of our employees first, they in turn take care of our customers, who in turn take care of our shareholders.”

  3. © 2017 Talismatic - All Rights Reserved. Why you should care about recruitment analytics? • A few questions to put this into perspective – • Is our company doing better this year than the last - Overall? • Do we have the talent we need? • Is our recruitment optimally aligned to save time & effort. • How often are we basing our decisions on intuition and experience? • Are we engaging talent acquisition team members in reporting and accountability?

  4. © 2017 Talismatic - All Rights Reserved. Any good recruitment analytics tool must take into consideration the following parameters in order to deliver the best results: • Time-to-Fill • Sourcing Locations • Open Vacancies vs Positions Filled • Competitor’s Hiring Status • Application Drop-off Rate

  5. 1 1 Time-to-Fill The number of days between the publication of a job and getting an offer accepted. This gives you a reality check for how long the whole process is taking. The main function of time-to-fill is to enable informed, realistic business planning. © 2017 Talismatic - All Rights Reserved.

  6. 2 2 Sourcing Locations Data can be leveraged to get accurate talent density insights. This allows recruiters to channel their efforts towards the right locations and cities thereby building efficiency. Looking in the right talent pool can also mean that a recruiter can choose from the best candidates. © 2017 Talismatic - All Rights Reserved.

  7. Open Vacancies vs Positions Filled 3 3 This metric could be measured either per month or per quarter and the result should go alongside the ‘time to fill’. A company managing their talent acquisition will have a low amount of open vacancies when compared to positions filled. © 2017 Talismatic - All Rights Reserved.

  8. 4 4 Competitor’s Hiring Status Getting competitor’s recruitment stats will help you set benchmark and develop interesting forecast models. Target the location from where they are hiring and search for the skills they are looking for a similar title. © 2017 Talismatic - All Rights Reserved.

  9. 5 5 Application Drop-off Rate It helps calculate the percentage of applicants who start, but do not complete, the application process. Improving this metric not only creates a better candidate experience, it gives your organization better access to top talent.  The best candidates know they are the best, and will not put up with a bloated application. © 2017 Talismatic - All Rights Reserved.

  10. Thank You For more recruiting intelligence, visit www.talismatic.com Or email us at info@talismatic.com © 2017 Talismatic - All Rights Reserved.

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