Over on sourcecon's blog, Entelo CEO Jon Bischke spun up a detailed post delving into a handful of oft-ignored yet crucial recruiting metrics that all talent acquisition pros ought to be keeping an eye on: candidate response rate, time per response, applicant quality by lead source, and opportunity cost per days not hired. Check out an excerpt below, then head over to sourcecon for the full text.
Conventional wisdom: You can’t manage what you don’t measure. And, more than just a business world cliché, there’s plenty of evidence that measured performance does lead to a more effective organization in areas as diverse as sales, manufacturing, professional services, and recruiting.
Many organizations use metrics to understand how their sourcing and recruiting processes are working and where there is room for improvement. But are sourcing professionals and recruiters measuring the right things?
Most recruiting organizations measure internal metrics such as cost per hire, time to fill, and the recruiter’s requisition load. While these offer valuable insights, they don’t measure the activity that impacts the business of recruiting – the ability to outmaneuver the competition and get the right talent in the door.
So what information should you be looking at to inform your sourcing and recruiting processes?
Find the rest of the post on sourcecon's blog! What are some under-the-radar metrics you think all recruiters should be aware of? Let us know in the comments or tweet @Entelo!
