Hiring Metrics that Make an Impact on Successful Recruitment - Talismtic

USA: Like a map helps make navigating easier, recruitment metrics are what make hiring easier. Instead of random hires, recruiters can streamline their process of recruitment to ensure quicker and quality hiring.

Hiring metrics and talent insights work as important foundations to creating a hiring strategy for successful recruitment. Here are some of the important hiring metrics that impact the process of hiring:

Recruitment timeline

Recruitments take a long time to be carried out. This is particularly hard on companies due to the reduction in productivity. Even with a recruitment made eventually, the time is hold on to the reins and regain the top position is lost, making firms work that much harder to get back in shape and overcome competition. Along with reducing the recruitment time, companies and recruiters should also revisit their hiring strategy and the offer being rolled out for potential candidates.

Engaging candidates

Cost of hire, or the total expense incurred in hiring a candidate looking for a job switch, candidates always have an option to choose from. This increases the chances of candidates dropping off mid-way during the recruitment process by opting for another opportunity instead. Another hiring metric to consider is candidate satisfaction.

Efficient assessment

The way screening is managed during recruitment has changed over the years. Instead of a number of levels within the interview before you shortlist candidates, having a stringent screening method that allows you to focus only on the candidates qualified to be taken further can save time, energy, and resources. By rebuilding your screening strategy, you can efficiently assess candidates

Automating monotonous tasks

While recruiting, it is vital that recruiters spend a good amount of time with the candidates being interviewed. However, there are numerous aspects within a recruitment process that take up a lot of time when done manually. Talent management software and recruitment tools have managed to bring about a tremendous change in this phase of recruiting where most tasks can be automated through the use of the right software. Since recruitment time is an important hiring metric that impacts recruitment, making use of these tools can help reduce the timeline, source and recruit talent at a faster pace, and spend the required amount of time with candidates.

Allocating the right amount of time for panel discussions

When a candidate is being interviewed, the amount of time spent by the recruiting managers along with the candidate is another important factor that often influences candidates and also impacts the hiring company. Forcing the candidates to partake in discussions for more than half a day can make them lose interest and reduce the productivity of those in the panel for the day.

By taking these metrics into account, hiring and talent insights becomes easier and more efficient.

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Created on Jun 25th 2018 00:54. Viewed 262 times.

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