How do you measure the effectiveness of your recruitment strategy?

Question

Accepted Answer

Measuring recruitment effectiveness involves analyzing metrics, candidate quality, and process efficiency to optimize hiring strategies.

Track time-to-fill: Measure the average time taken to fill positions. For example, reducing time-to-fill from 45 days to 30 days indicates efficiency.
Evaluate quality of hire: Assess new hires' performance and retention rates. For instance, if 90% of hires exceed performance expectations, the strategy is effective.
Analyze source of hire: Identify which recruitment channels yield the best candidates. For example, if referrals lead to higher-quality hires, focus on that channel.
Candidate experience feedback: Gather feedback from candidates about their experience during the recruitment process to identify areas for improvement.
Cost-per-hire analysis: Calculate the total recruitment costs divided by the number of hires to ensure budget efficiency.

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