FASTCOLLAB
10 ANALYTICS EVERY RECRUITER SHOULD FOLLOW
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Numbers always facilitate an organisation to plan the efficiency of any activity. The same applies for hiring method as well. Using elaborated analytics reports bring out important insights to enhance the effectiveness of the hiring process.
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1. Open vs planned vacancies: Start the hiring process by clearly mentioning what are the urgent job positions to open and what positions company is expected to open in future. This analytics will help hiring managers to manage the talent acquisition activities where exact timelines of next 6 months or a year can be provided.
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2. Time for Hiring: When starting with the hiring process for new opening, it is recommended to take a note of the date of creation and planned closure date for the opening. This will help in managing the time and resources to meet the timelines.
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3. Channel sourcing: Procuring the channels to source the candidates is the most crucial step for any recruitment process. Track the effectiveness of each channel in terms of no. of profiles received, candidates turned up for the interview, relevancy of the profiles, closures made and finally the cost per hiring from that channel. This will help in allocating budgets and resources to each channel accordingly.
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4. Referral rate: Measure the number of referrals getting converted into new joinees, to plan a better incentive structure for the current employees. A well planned and attractive incentive program can be helpful in sourcing best fit candidates in the organisation.
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