Key hiring metrics: Useful benchmarks for tech roles

Workable

You may know your own key hiring metrics like your average time to fill or how many qualified candidates you need to make a hire, but what’s the significance of these numbers? This metric is part of the overall group of metrics called recruiting yield ratios.

Industry Verticals, Organizational Cultures, and Benchmarking

ClaimVantage

Before I landed at ClaimVantage, I worked in the insurance industry for over 15 years, selling employee benefits (group insurance) to employers of all types and sizes. Over time I’ve learned that each industry vertical is unique.

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Solidifying a Competitive Advantage with Engagement Benchmarking

Ultimate Software

Few departments are exempt from regularly analyzing and reporting metrics to the C-suite, and long-term tracking of this data is invaluable. Of course, this data is even more insightful when weighed against industry benchmarks. Does industry play a role?

Key hiring metrics: Useful benchmarks for tech roles

Workable

You may know your own key hiring metrics like your average time to fill or how many qualified candidates you need to make a hire, but what’s the significance of these numbers? This metric is part of the overall group of metrics called recruiting yield ratios.

19 Recruiting Metrics You Should Know About

Analytics in HR

Recruiting metrics are an essential part of a data-driven hiring and recruitment analytics. However, if you would keep track of every recruiting metric you could find on the web, you’d have no time left to do actual recruiting! What are recruiting metrics? HR Metrics

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.

Product Update: Industry Benchmarks Make Insights Even More Accurate

Hireology

Insights – Hireology’s analytics platform –just received an update to make our benchmarks even more accurate. Industry benchmarks make it easy to measure and compare aspects of your hiring process to other businesses like yours to see how you stack against the competition.

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.

Intent Industry News: ABM Benchmarks, Data Strategy, B2B as B2C, and More

Aberdeen HCM Essentials

The roundup includes articles that cover ABM benchmarks, the push for stronger data strategies, treating B2B marketing more like B2C, challenges for the modern marketer in the B2B industry, and an obsession with intent data. Live Webinar: ABM Benchmarks for 2020.

5 ways to use the new Qualtrics Digital CX Benchmark

Qualtrics HR

The Qualtrics XM Institute is excited to announce the launch of a new digital benchmark initiative – the XMI Customer Ratings – Digital. In fact, none of the industries evaluated received a “poor” or “very poor” rating in our core digital metric.

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.

Cost-per-hire metrics, demystified

Workable

Cost-per-hire (CPH) is one of the most intriguing recruiting metrics. SHRM and ANSI define this additional cost-per-hire metric. This metric can be more useful than CPH. Companies that use this metric consistently, have its one great advantage in mind.

Benchmarking & What-If Analysis

Vemo

Benchmarking Metric Benchmarking can be a great way to compare your metrics to industry best practices, however accessing relevant benchmarking data for you industry is not always easy to obtain or broadly available for every industry.

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?

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.

Job offer acceptance rate metrics FAQ

Workable

Job offer metrics help you measure the quality of your job offers and, by extension, your recruitment process. Here are frequently asked questions and answers on job offer metrics: What is the offer acceptance rate metric? What’s a good benchmark for offer acceptance rate?

2016 Turnover Rates by Industry

Compensation Force

In response to the many, many requests received and continuing a long tradition here at the Force, I am pleased to bring you the latest turnover rates by industry, provided to us by CompData Surveys. Metrics/Analytics Turnover

The Beginner’s Guide to Benchmark your NPS Score like a Pro!

SurveySparrow

If there’s any loyalty metric that has become insanely popular over the years, then it is definitely the Net promoter Score. Companies are increasingly adopting the metric to dodge the cut-throat competition and stay ahead of the curve. How to benchmark your NPS score?

Webinar: Industry Spotlight: Higher Education - People Management and Labor Metrics that every CFO and President should know

Paycor

Paycor reviewed proprietary data from nearly 4,000 customers to identify key metrics that uncover opportunities to lower your labor costs and increase the productivity of your people. Identify key metrics that can be tracked and benchmarked for improved performance.

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?

21 Employee Performance Metrics

Analytics in HR

Employee performance metrics are key to tracking how well employees are performing. However, when done right, employee performance metrics benefit both the organization and the employee. We listed the most important ones below and included some practical examples of each metric. There are various kinds of employee performance metrics. Work quality metrics. Work quantity metrics. Work efficiency metrics. Organizational performance metrics.

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.

10 Key Customer Engagement Metrics that Every CX Executive should Know

SurveySparrow

You can measure it by using various customer engagement metrics into consideration. But there are many industries where taking great care of your customer and providing extraordinary service by going miles is a must because of the intense competition.

10 Metrics to Drive Hiring Success at Your Dealership

Hireology

Below, we’ve outlined several key hiring metrics – and why your team should be tracking this data and taking action based on the results. Hiring Process Metrics 1. To ensure your team follows the hiring process in place, you can tap into hiring metrics related to process adherence.

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.

13 Product Management KPIs and Metrics You need to Know

SurveySparrow

You can use certain metrics that measure the product’s performance. Finding the right metrics to measure is pivotal to having a successful product strategy in place. Ensure that your goals are measurable so that you can benchmark it for the next time you evaluate them. #2

3 Hiring Metrics Your Team Should Track to Boost Hiring Efficiency

Hireology

With the right recruitment and hiring partner, you can follow a repeatable, streamlined process and have access to hiring metrics that can help you drive hiring efficiencies. . To speed up your time to hire, (hiring velocity), your team needs to tap into the right hiring metrics.

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.

Qualified job candidates per hire: recruiting metrics that matter

Workable

While there is plenty of data on offer from key recruitment metrics, interpreting that data in a way that will improve your hiring process is complicated. and why it’s a recruiting metric that matters. Benchmarking Qualified candidates per hire. Benchmark data from Workable ).

How to track time to hire metrics with Workable

Workable

These are questions you can answer by tracking the time to hire metrics. This metric refers to the number of days from when your eventual hire applies or gets sourced to when they accept your job offer. Why should I track time to hire metrics? How efficient are your hiring teams?

What’s Your Most Useful Metric? More Results of Our HR Metrics Survey

HR Daily Advisor

In yesterday’s Advisor , we shared some of the results of our nationwide survey on HR metrics. 604 individuals participated in the HR Daily Advisor ’s HR Metrics Survey, conducted in April 2015. Compensation-Related Metrics. Benefits and Metrics.

What is the average time to hire by industry?

Workable

Here’s research on the average time to hire by industry and business function, plus a few ways to optimize your timeline. To accurately compare yourself against the global and industry average, first define how you calculate time to hire. Average time to hire by industry in the U.S.

Why Change is an Opportunity for the Professional Services Industry

Workday

Professional services firms face intense pressure to increase profit and productivity, with new client revenue declining to the lowest level in the past nine years, according to the 2016 Professional Services Maturity Benchmark study from SPI Research. During the industry’s heyday in the ‘90s, it wasn’t uncommon to see big-money service contracts being staffed by workers who didn’t have the skills and qualifications best suited for the project.

Why the Healthcare Industry is Moving to the Cloud

Workday

Perhaps no industry has felt the rapid pace of change more than healthcare. From regulatory uncertainty to an onslaught of disruptive new business models, and increasing demands on patient care, more healthcare providers are looking for new technology solutions that can help them meet shifting industry dynamics. Recruiting and retaining employees is more important than ever in an industry where employees’ impact on patient outcomes is critical. Industries healthcare