It refers to all the types of analysis and data related to the recruitment process. This data is managed in the form of numerical or statistical data, which is called recruitment metrics. In other words, it is a key performance indicator that analyses the efficiency and effectiveness of the hiring process. With the help of such matrics, the company can get some tangible evidence about how to create a successful recruitment process rather than just relying on external institutions for talent management.
Common recruitment metrics
Every company has different recruitment needs based on their way of working and the nature of the industry they are dealing in. Here are some of the common recruitment matrics followred by major companies:
- Cost per hiring
- Time to fill
- Time to hire
- Qualified candidates per hiring
- Experience of the candidate
- Offer accepted rate
- Source of hiring
- Hire to goals
- Quality of hire
