It refers to the metric identifying the number of applicants in a single opening. It is the number of candidates who got hired compared to the total number of candidates who applied. This helps the employer identify the value of recruitment tools and find the best one. Several factors must be considered while calculating the selection ratio: brand of the employer, availability of the candidate, sources of applications, advertisement channels, and compensation. Here’s the calculation of the Selection ratio:
Number of hired candidates/ total number of candidates in a specific cost
