Talent recruitment metrics are tricky because there’s no industry standard, which unfortunately leaves many HR professionals to guess at meaningful recruiting data they can share with executives to greenlight new initiatives. Luckily, Greenhouse Software VP Maia Josebachvili has suggested recruiting KPIs that can signal success or challenges in hiring.
Check out these five metrics and see if they might help your talent recruitment efforts:
1. Sourcing – What sources are responsible for great candidates?
Sourcing metrics help you catalog where you find your best recruits – which campuses to visit, which publications to advertise in and which social networks to peruse.
2. Interviewing – How much does the interview process cost you and how effective is it?
Interviewing metrics should combine the best of quantitative (cost of an interviewer’s time) and qualitative (candidate feedback) data for comprehensive insight.
3. Hiring – Are you converting enough of your job offers?
Hiring metrics are effective because they give black and white data, like actual hires versus the hiring goal or your overall offer acceptance rates.
4. Activity and effort – Which recruiting tasks are the most effective at bringing in talent?
Activity and effort metrics help you see which recruiting initiatives have the most success, such as which activities historically result in the most offers extended.
5. Team performance management – Who is successful at adding new talent?
Team performance metrics enable companies to set goals for recruiters and then evaluate individual performance to reveal who has been most effective.
Help Execs Interpret Recruiting Data
No one has the in-the-trenches insight on talent recruitment like HR does. Guide decision-makers toward the right recruiting initiatives by showing them the right data. Get the full breakdown of the five KPI categories at Hirvue.com.