From the course: Human Resources: Using Metrics to Drive HR Strategy
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Measuring recruiting and hiring success
From the course: Human Resources: Using Metrics to Drive HR Strategy
Measuring recruiting and hiring success
- Since people are a company's greatest asset, recruiting is an important job. In the old days, we sprayed and prayed, posting our job openings wherever, and hoping the right candidate faxed over their resume. Obviously, with the internet and technology, recruiting has gotten a lot more fun and a lot more strategic. There are several metrics to use in measuring your recruiting efforts, so let's take a look. Time to fill is an easy one. Simply add up the total number of days an open job goes unfilled. To find the average time to fill, you will add up the number of days all of your open positions were open and divide that by the number of open positions. So, if between four open jobs they were open for a total of 76 days, you divide 76 by four and your average time to fill is 19 days. You can also look at time to close or the amount of days that lapse from a candidate's first contact with you to signing the offer. Time to fill can help you understand efficiency of your recruiting…
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