Numbers always facilitate an organisation to plan the efficiency of any activity. The same applies for hiring method as well. Using elaborated recruitment analytics reports bring out important insights to enhance the effectiveness of the hiring process. A free cloud based applicant tracking system helps generate automated reports on channel sourcing, time taken for hiring, applicant tracking reports, recruitment performance report and much more.
2. Numbers always facilitate an organization 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.
Here are 10 analytics every recruiter should follow in their
hiring process.
3. Open vs Planned
Vacancies
1
Time for Hiring
2
Plan in advance for
1. Urgent positions to open
2. Openings to come in future
3. Timeline of hiring process
4. Allocation of budget and
resources accordingly
Keep a note of
1. Date of opening the position
2. Date of closing the position
3. Comparison with given timeline
4. Better resources to source the
profiles and avoid exceeding
timeline
4. Channel
Sourcing
3
Referral Rate
4
Effectiveness of the channels for
1. No. of profiles received
2. Relevancy of the profiles
3. Cost per closure
4. Allocation of resources and
budget accordingly
Keep an eye on
1. No. of Referrals joined / No. of
Candidates referred
2. Down sliding referral rate.
3. The need to bring modifications
in referral incentive policy to
motivate current employees
5. Rejection Rate
5
Offer
Acceptance
Rate
6
Keep a note of
1. No. of Candidates selected /
No. of Candidates appeared
2. Upward moving rejection rate.
3. Feedback from project team to
understand misfit candidates,
non-relevant profiles etc.
Keep a track of
1. No. of offers accepted / No. of
offers released
2. Slow down in the rate
3. Feedback from candidates to
understand mismatch in
expectations, better salary by
competitor etc.
6. Mixed Gender
Ratio
7
Applicant
Tracking
Reports
8
Metric to bring balance in
1. All level positions
2. All verticals and teams
3. Ideas and thoughts
4. Equality to both gender
Bring Automation into
1. Parsing the resumes
2. Flow of interview stages
3. Joined or rejected
4. Exact timeline of each applicant
7. Recruitment
Performance
Report
9
Cost of Hire
10
Daily, Weekly & Monthly reports of
1. Profiles Sourced for hiring
2. Interview Scheduled
3. Closures made
4. Time taken to hire
The Cost Parameters include
1. Offline Advertising
2. Online Advertising
3. Job Sites
4. Recruitment agency fees
8. We’ve even evaluated and come up with one cloud based
recruitment management platform which covers most of
these analytics requirements - Applicant Tracking System.
Generate effective automated reports on channel sourcing,
time taken for hiring, applicant tracking reports, recruitment
performance report and much more.
Click here to explore All Features
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