Glossary > Recruitment Metrics
What are Recruitment Metrics?
Recruitment metrics are designed to measure successes and bottlenecks in the recruiting process. Metrics include key performance indicators (KPIs) that help measure progress in your recruiting strategy. These metrics allow for agility in recruiting, pointing out trends and potential issues as they happen.
What are KPIs in Recruitment?
KPIs in recruitment are ideal for measuring success and benchmarks in your recruiting strategy. These metrics measure things like time to fill, source of hire, source of application, candidate conversion rate, quality of hire, and more. Use these KPIs to track the progress and success of all stages in the recruitment process as well as where you can improve.
What is Time to Fill in Recruitment?
Time to fill in recruitment is a performance metric that measures the time between when a job is posted and a candidate getting hired. Some roles are more difficult or time-consuming to fill, so this metric is extremely helpful for evaluating how long it takes to fill certain positions in your company. Time to fill can help determine the real cost to filling a role as well as how efficiently your team recruits.
What are Good Recruiting Metrics?
The best recruiting metrics are the ones that help improve your recruiting process! Automation and AI have made it easier than ever to analyze recruiting performance. Find which areas of your recruiting process that need improvement and use metrics to measure and improve them over time. Here are some of the most common KPIs in recruiting analytics:
- Time to fill
- Source of hire
- Application source
- Candidate conversion rate
- Quality of hire
- Number of applications per requisition
- Onboarding
- Diversity and inclusion
- Internal mobility
- Employee retention
How Do You Measure Recruiter Performance?
Performance in recruiting can be measured a number of ways using KPIs. Recruiter performance is often measured against metrics like time to fill, DEI, number of applications per requisition, candidate conversion rate, and even quality of hire. When deciding how to measure a recruiter’s performance, consider what areas of the recruiting process need improving and measure those metrics.
More on Recruitment Metrics
Looking to learn more about measuring the success of a recruiting program? Check out these articles for more, or stay updated on the latest in HR tech by subscribing to our blog and resource library!