5 Recruitment Metrics that Guarantee Hiring Success - Talismatic

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5 Recruitment Metrics that Guarantee Hiring
Success
2017 Talismatic - All Rights Reserved.
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THEN Excerpt from Forbes magazine - Strategic HR
guru Josh Bersin first entered the workforce in
the late 70s, his business mantra was
shareholders first, customers second, employees
third.
NOW Today this equation has been reversed
completely the CHRO of a large retailer put it
clearly if we take care of our employees first,
they in turn take care of our customers, who in
turn take care of our shareholders.
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Why you should care about recruitment analytics?

• A few questions to put this into perspective
• Is our company doing better this year than the
  last - Overall?
• Do we have the talent we need?
• Is our recruitment optimally aligned to save time
  effort.
• How often are we basing our decisions on
  intuition and experience?
• Are we engaging talent acquisition team members
  in reporting and accountability?

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• Any good recruitment analytics tool must take
  into consideration the following parameters in
  order to deliver the best results

• Time-to-Fill

• Sourcing Locations

• Open Vacancies vs Positions Filled

• Competitors Hiring Status

• Application Drop-off Rate

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Time-to-Fill
The number of days between the publication of a
job and getting an offer accepted. This gives you
a reality check for how long the whole process is
taking. The main function of time-to-fill is to
enable informed, realistic business planning.
2017 Talismatic - All Rights Reserved.
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Sourcing Locations
Data can be leveraged to get accurate talent
density insights. This allows recruiters to
channel their efforts towards the right locations
and cities thereby building efficiency. Looking
in the right talent pool can also mean that a
recruiter can choose from the best candidates.
2017 Talismatic - All Rights Reserved.
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Open Vacancies vs Positions Filled
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This metric could be measured either per month or
per quarter and the result should go alongside
the time to fill. A company managing their
talent acquisition will have a low amount of open
vacancies when compared to positions filled.
2017 Talismatic - All Rights Reserved.
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Competitors Hiring Status
Getting competitors recruitment stats will help
you set benchmark and develop interesting
forecast models. Target the location from where
they are hiring and search for the skills they
are looking for a similar title.
2017 Talismatic - All Rights Reserved.
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Application Drop-off Rate
It helps calculate the percentage of applicants
who start, but do not complete, the application
process. Improving this metric not only creates a
better candidate experience, it gives your
organization better access to top talent.  The
best candidates know they are the best, and will
not put up with a bloated application.
2017 Talismatic - All Rights Reserved.
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Thank You
For more recruiting intelligence, visit
www.talismatic.com Or email us at
info_at_talismatic.com
2017 Talismatic - All Rights Reserved.