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Future of Talent Institute Weekly - Issue #11

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If you have not received the newsletter for the past few weeks, our apologies. We had a server techni
 

Future of Talent Institute Weekly

May 22 · Issue #11 · View online
Weekly Trends and Ideas that Make a Difference

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Recruitment Metrics
Useful measures should be as easy to understand and as simple as they can possibly be. They should also answer a question that someone cares about and they need to be ones that you have influence or control over the outcome.
Unfortunately, many of the most common recruitment metrics do not meet these requirements. Most of us report metrics because they are expected or required or because our boss needs them.
Here are the 10 recruitment metrics that are frequently used or cited.
  1. Time to accept
  2. Time to source/Time to hire
  3. Time to present a qualified candidate
  4. Quality of hire (Attrition in 12 months)
  5. Submittal to hire
  6. Submittal to acceptance
  7. Reqs per recruiter
  8. Hires per recruiter
  9. Source of hIre
  10. Cost per hire
Many of these may be useful for improving the recruiting process but they do not provide information on the effectiveness of the recruitment team. It is doubtful that hiring managers or leaders care about how many requisitions a recruiter has or how many hires an individual recruiter makes. They are (or should be) looking at the overall efficiency and effectiveness of the team. Cost may be relevant in extreme cases, but generally is an insignificant issue.
The metrics I find most relevant to a leader are the time to present a qualified candidate, the accept ratio, and quality of hire based on performance over several months and linked to hiring criteria such as degree, experience, or source of hire.
Here are some articles that discuss metrics and present different approaches
Metrics & Measures for Recruiting
7 Metrics That the Most Data-Savvy Recruiting Teams Are Tracking - Dr John Sullivan
Standard Set of Recruitment Metrics
17 Recruiting Metrics You Should Know About
I recommend the podcast below to get a very different perspective on recruitment metrics that really matter.
Ep 186: Data Driven Candidate Experience - The Recruiting Future Podcast
Some Different Views
Here are two articles discussing metrics in general and how we may be mislead by overly relying on measurement, dashboards and the like.
I highly recommend you read these as they offer rare and different perspective that is valuable.
We Are Not A Dashboard: Contesting The Tyranny Of Metrics, Measurement, And Managerialism
Numbers (and the magic of measuring the right thing) | Seth's Blog
About This Newsletter
Hand curated articles, videos, podcasts, and other media on the future of work, talent, recruitment, and learning. If you find this useful, please share on Twitter. You can always reach me at kwheeler@futureoftalent.org.
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