Introduction to Recruiting Metrics FAQ

Workable

Recruitment metrics help you gauge the effectiveness of your recruitment process. Here are frequently asked questions and answers about recruiting metrics to help you understand recruiting data and use it to boost your hiring: Intro to Recruiting Metrics. More Recruiting Metrics.

The Reason Companies Should Calculate Cost Per Hire

HR Bartender

Personally, I’m a big fan of the cost per hire metric. I believe the goal of calculating CPH is to provide organizations with a benchmark for their recruiting activities. Now, I get it…there’s lots of talk about quality of hire being the best recruiting metric.

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Impress Your CEO With These Strategic Business Impact Recruiting Metrics

Visier

It’s also important to understand that you can’t impress a CEO with a large volume of tactical recruiting metrics. Instead, you must focus on metrics that demonstrate a direct impact on what CEO’s really care about, the firm’s strategic goals. The Benchmark Firm to Follow Is Google.

The Secret To Selecting and Measuring Key Employee Performance Metrics

EmployeeConnect

Measuring critical employee performance metrics offers organisations key benefits for attracting and retaining top talent while meeting operational imperatives. The primary benefits of employee performance metrics are tied to fostering better employee engagement, which enhances productivity, innovation, creativity, employee loyalty and longevity. That’s why today’s software applications for measuring key performance metrics are so valuable.

Recruitment process effectiveness metrics FAQ

Workable

Metrics help you identify strengths and weaknesses of your hiring process. What’s a good benchmark for qualified candidates per hire? What is the “Screened Candidates to Face-to-Face Interviews” metric? What is the “Face-to-Face Candidates Interviewed to Offers Extended” metric?

Jobvite 2018 Recruiting Benchmark Report: How Do Your Funnels Look?

The HR Capitalist

Every year they release a Recruiting Benchmark Report offering a unique combination of data and guidance: summary and analysis of industry benchmark data, along with strategic advice to help you measure, improve and optimize every step of the recruiting funnel.

Time to fill and time to hire metrics FAQ

Workable

What’s a good benchmark for time to fill? What’s a good benchmark for time to hire? This metric helps you plan your hiring better and also serves as a warning when your hiring process takes too long. What’s a good benchmark for time to fill?

Recruiting email metrics: how to measure your email success

Workable

Recruiting email metrics help you measure the impact of your messages. Whether it’s to find out if a referred candidate would be a good fit for your company, or to inform a past candidate about a new job, use metrics to shed light on your digital recruiting techniques.

Benchmark Myopia and the Need for Business Drivers

SMD HR

It is a typical practice in many industries to be curious about, and focus on, benchmarks to get an idea of “where you stand” on a particular metric. To be clear, benchmarks are a good piece of information to know when examining your performance—but when leaders, particularly in HR, live and die (i.e., When you stop and think about it, a benchmark is just a pursuit to achieve somewhat better-than-average against a number that may not even reflect a true reality.

The Three Vital Metrics for Every Employment Role

Talent Analytics

The Three Vital Metrics for Every Employment Role. Likewise, “industry benchmarks” are next to useless – companies differ, regions are different, and enterprises evolve over time. Section 4: Employee Lifetime Value and Cost Modeling.

How to Evaluate the Success of Your Company’s Onboarding Program

HR Bartender

Human Resources Metrics : According to a survey from Korn Ferry, 98 percent of executives believe that onboarding programs are the key to employee retention. Using that statistic means that turnover is an important metric when it comes to evaluating onboarding programs.

The 5 Key Job Application Metrics You Need to Know

Yello

06/16/2017 // By tracy kelly // recruitment metrics. Here are the five job application metrics every recruiter needs to know to help improve the candidate experience. Monitor the number of applicants by position and department to set benchmarks and track application numbers over time. In the 2017 Yello Recruiting Study , 26 percent of recent grads report applying to a job from a mobile device. Recruitment Metrics

You Hate BMI: Scientists Now Have Another Fat Metric You Can Hate Instead.

The HR Capitalist

Invented in the early 1800s by a Belgian statistician, the measurement is used as a definitive benchmark: those with a score below 18.5 I know - you and everyone else hates Body Mass Index as a measure of what it means to be overweight.

Quality Over Quantity—Choosing the Right Recruiting Metrics: The 7 metrics that matter, and the 7 that don’t (as much)

Visibility Software HR

What recruiting metrics should you be measuring, and how can you effectively gather the needed information? There are dozens of popular recruiting metrics, including the venerable Cost per Hire and Time to Fill. Recruiting Metrics Cheat Sheet.

It’s About More Than HR: Analytics Learnings from Tom Davenport and Dr. John Sullivan

Visier

This is because few CEOs are confident in the quality of their Human Capital metrics. Often what is shared with the C-Suite is what Sullivan calls the “So What” metrics, which elicit a “Why Should I Care?” Shifting to a metric model that is designed to influence executives.

2017 Hireology Product Year in Review

Hireology

On the product side of the business, we made several updates to the Hireology platform in 2017, including the following: Payroll and Talent Management Integration. 2017 Numbers from the Hireology Platform.

Introducing Insights: User-Friendly Reporting & Analytics To Unlock Your Hiring Metrics

Hireology

Hireology is excited to announce its latest feature: Insights – easy-to-understand reporting that provides clear visibility into hiring metrics, highlighting points of strength and weakness in the hiring process.

3 HR Talent Metrics You Should Start Tracking Today

Namely

Here are three metrics you can start tracking today: Quality of Hire Acquiring top talent is no simple task. The Quality of Hire metric is a quick index on a new hire’s adjustment, acclimation, and performance since joining the company. To define this metric you’ll need to establish success criteria—this could be how well a new hire fits with your culture, performs, or exhibits the required competencies, for example. The field of human resources is changing.

7 Possible Human Capital Management Resolutions for 2017

Lumesse

7 Possible Human Capital Management Resolutions for 2017 Published date: January 3, 2017 Home. email facebook linkedin twitter google+ 2017 is upon us.After we’ve recovered from any holiday stupor it’ll be time to return our focus to future business.

Quality Over Quantity—Choosing the Right Recruiting Metrics: The 7 metrics that matter, and the 7 that don’t (as much)

Visibility Software HR

What recruiting metrics should you be measuring, and how can you effectively gather the needed information? There are dozens of popular recruiting metrics, including the venerable Cost per Hire and Time to Fill. Recruiting Metrics Cheat Sheet.

Remote Workforce NPS: The Most Important Metric You’re Missing

ConnecTeam

There are so many different metrics and acronyms, you’re forgiven if you don’t recognize this one. NPS may be the one metric you’ve never heard of that meets the speed and flexibility of the modern workforce. Engagement remains a hot topic in 2017 because people are more mobile and have greater expectations of meaning and growth in the workplace. eNPS allows you to easily benchmark engagement across different segments, over time, and relative to competitors.

Recruiting costs FAQ: Budget and cost per hire

Workable

What’s a good benchmark for cost per hire? What’s a good benchmark for recruiting costs? What’s a good benchmark for a recruiting budget? This metric is useful when you are creating or tracking your recruiting budget. What’s a good benchmark for cost per hire?

Seven Steps to Meaningful Diversity and Inclusion Metrics

i4cp

In the world of business, metrics hold a special place—and rightfully so. A lot of D&I practitioners may gleefully note that there is no lack of metrics in the diversity and inclusion space—but which will move the needle on performance? Recently, i4cp assembled a collection of some of the top D&I metrics used by high-performance organizations—those considered leaders in profitability, revenue, market share, and customer satisfaction over a five-year period.

A Handful Of Expert Tips To Sustainably Increase Workplace Productivity

15Five

The gist was based on Arianna Huffington’s book, Thrive : Our two main metrics for success are money and power, and they drive us to work longer hours, sleep with our phones and tablets, miss important moments with our families and impacts our health. Identify benchmarks and targets.

The Art, Science and Impact of Implementing Data-Driven HR in 2017

Cornerstone On Demand

Figuring out how to successfully implement data-driven HR is a business challenge every company wanting to maintain or gain a competitive advantage will face in 2017. HR professionals are generally very good at reporting and benchmarking, but not as good at more sophisticated analytics.

Data 335

The Best of ERE Spring 2017 Recruiting Conference

Entelo

April 20, 2017. April 19, 2017. April 20, 2017. April 20, 2017. April 20, 2017. The ERE Talent Manager survey is always great for benchmarking performance against your peers, but this season's installment had an eyebrow-raising revelation. Admittedly, it's unclear from this slide alone whether the lack of focus on cost-per-hire is due to a general lack of tracking effort, or whether cost-per-hire merely isn't a metric recruiters consider important.

How Workday is Doubling Down on Data and Analytics

Workday

We’re extending this visibility with two new products, Workday Benchmarking and Workday Prism Analytics. By getting up-to-date, data-driven insights into your most vital business metrics, and then seeing how these key indicators compare to companies of similar size or industry, decision-makers can better understand what issues are industry-wide, and what issues are specific to the company. Workday Benchmarking, our first Data-as-a-Service (DaaS) offering, is now generally available.

Top 5 Takeaways from the 2017 ASHHRA Conference

Precheck

Top 5 Takeaways from the 2017 ASHHRA Conference Sep. 26, 2017. The 2017 American Society for Healthcare Human Resources Administration (ASHHRA) Conference took place this past week in the Emerald City of Seattle, Washington. Bryan-Barajas.jpg. Bryan Barajas Marketing Director.

2016 Turnover Rates by Industry

Compensation Force

If you aren't already familiar with their Benchmark Pro and other survey products, please check them out! Metrics/Analytics Turnover

What Recruiters Can Learn From Marrying Pre- and Post-Applicant Data

Cornerstone On Demand

In a 2016 survey from The Work Place Group, 96 percent of respondents said source of hire is an important metric for making recruiting strategy decisions. Here's the issue: 60 percent of those people also rated the metric as less than 90 percent accurate. (If If I presented my annual strategy and budget based on metrics I had less than 90 percent confidence in, my boss would point to the door.)

This Week in Employee Engagement: July 21, 2017

Maritz Motivation

From CultureNext: Technology and Metrics Overlooked in Recognition Programs — In this article from SHRM, the key highlights of the recent CultureNext Employee Engagement and Recognition Benchmark Study are revealed in context with what the data means for leaders taking charge of engagement. CultureNext (@culturenxt) July 19, 2017. CultureNext (@culturenxt) July 20, 2017. The utter explosion of digital content presents countless opportunities for learning.

Employee Onboarding Best Practices: A Technology Perspective

EmployeeConnect

Employee Onboarding Metrics Advanced onboarding technology allows you to configure reports and third-party intelligence into manager consoles for greater visibility, more interactive formats and customised summaries. Measure You can measure your onboarding costs, engagement rates, training costs, succession management successes and other business benchmarks that relate to recruiting and employee retention.

Jobvite Publishes New & Needed Source of Hire Data (#RNL17)

The HR Capitalist

As I mentioned earlier this week, I'm just coming off a couple of days at Recruiter Nation Live 2017 , a conference put on by the good folks at Jobvite. Jobvite picks up that empty space with what they've done in the 2017 Recruiting Funnel Benchmark Report.

How Big Should Your HR Staff and Budget Be?

Compensation Force

While this is a question best answered in the context of your unique talent strategy -- what it will take to execute that strategy to drive organization success and what role HR plays in making that happen -- benchmarks can sometimes provide a helpful reference point. HR employees in 2017.

7 Metrics That the Most Data-Savvy Recruiting Teams Are Tracking

Linkedin Talent Blog

This powerful data-driven recruiting approach requires you to shift from the traditional intuitive and past practice-based approach and start tracking metrics beyond the popular quality of hire and time to fill.