Recruitment Metrics in 2024
Recruiting metrics, which is also referred as hiring metrics or staffing metrics are a set of measurements that can be used to track, manage and optimize hiring candidates for an organization. Recruiting metrics are very crucial part of any data driven recruitment and hiring strategy & the number of metrics and data points, they could measure is endless (Bika, 2019). Further, these metrics can used to evaluate the recruitment process of an organization, the success of the recruitment strategies and whether the organization is hiring the right talent. Also, these metrics can be used to ensure a diverse, inclusive & equitable recruitment process. Recruiting benchmarks can range from reducing recruitment costs and improving the candidate experience to bolstering one’s employee retention rate and increasing engagement with and application for job postings (Calzon, 2024). 12 Crucial recruiting metrics Time to fill This refers to the time taken to source and recruit ...