5 Key Recruitment Reporting Metrics You Need to Monitor

28 Aug 2019 by Timothy Chapman

Data, Data, Data

Nowadays, data is everywhere you look. Data powers entire industries and informs choices from business strategies to which restaurant you’ll eat at. It’s the mantra of today’s information-based world: data makes the world go round.

That goes for recruiting too. Good recruitment data is essential. It guides your decisions, shapes your outreach strategies, informs your ad spend… the list goes on.

But not all data is created equal. We’ve broken down the key metrics you need to track, from time-to-hire to ROI, to ensure that you’re optimising your recruitment at every opportunity with the right data.

Metrics for Success

1. Time-to-hire

Time-to-hire measures the time from when your vacancy goes live to when your chosen candidate has accepted the position (not their start date — that data can be skewed by holidays or sickness).

This metric reveals the efficiency of your recruiting process, helping you anticipate gaps in your workforce. From there, you can use this data to inform company policies such as notice period: if your time-to-hire is two months, but your notice period is only one month, you may want to adjust your notice period to avoid a long gap.

You can also target time-to-hire as a metric to improve your recruiting: the quicker and more effective your hiring process, the less time your organisation has to compensate for that empty role. You can improve your recruiting speed with tools like an ATS or methodologies like a consistent recruiting pipeline.

2. Time within ATS/CRM

Highly related to time-to-hire is the length of time that your candidate was a contact within your applicant tracking system (ATS) or customer relationship management system (CRM) before they accepted the position. If you find that all new hires are also new contacts, you may want to invest more time in nourishing and growing your contact database.

Candidates within your database represent your talent pool. If a new hire was originally a long-term contact that didn’t quite fit any of your earlier vacancies, and you were able to directly source that candidate when the vacancy was posted, both your time-to-hire and recruiting costs will shrink.

3. Speed-to-competency

Once that candidate has been recruited, you need to track speed-to-competency. This metric refers to how long it takes for a new employee to complete training, get certified and be up to speed on their role. Naturally, this metric will depend heavily on the role and industry in question; within those categories, it provides strong insight into the effectiveness of hiring and training practices. HR departments can use this data to improve their onboarding process.

In addition, if speed-to-competency drags on, HR may want to revise their recruiting approach — that’s an indicator that your candidate might not be the best fit for that role. This valuable insight can improve every subsequent hiring, helping you find higher-quality candidates that are the right person for the right role.

4. Turnover and retention

Yes, turnover and retention are in fact recruitment measures. Many recruiters don’t think to examine this data, as they feel their process ends once the employee is onboarded. But measuring turnover is essential: it not only feeds into how often you need to recruit, it informs whether that person was a good fit in the first place.

When people walk out the door after three months or less, you’ve lost money. It’s far better to hire the right people and keep them longer. HR also can track attrition rates to clarify whether they need to pour more effort into retention — thus saving on recruiting costs by removing the need to recruit in the first place.

5. And of course: cost-per-hire and ROI

For many recruiters, cost-per-hire is the most important metric. It’s the amount you spend on recruitment, including recruiter salaries, adverts or an ATS, divided by the number of people you’ve hired.

You can translate cost-per-hire into a measure of return on investment (ROI). ROI looks at the benefits of your investment, divided by the cost-per-hire, to give you a clear sense of the impact of your recruitment spend.

These metrics are crucial. They provide insight into your recruiting process as a whole and highlight where you can improve. After all, as costs go down, ROI goes up.

ROI provides essential business numbers to report to finance and operations managers and so prove the results of the money you’re spending. For instance, if you invested in an ATS, you can prove the ROI of that ATS by showing how it improved recruiting and lowered cost-per-hire.

Best Practices for Data Monitoring

Not all data is created equal — and neither are all data monitoring practices. HR professionals who do everything by Excel will waste time and money on manual, labour-intensive data tracking when they could spend that time out in their community.

Applicant tracking systems can measure all of these metrics and more by automating data monitoring and other routine processes. You’ll be able to spend less time on reporting and more time truly engaging with candidates and employees. At the same time, you’ll benefit from clear, powerful insights and data to help you track the right metrics.

Want to learn more about what an ATS can do for you? Check out our free eBook, “The Pocket Guide to Applicant Tracking Systems.”

New call-to-action

❮ Previous post
Next post ❯

199 thoughts on “5 Key Recruitment Reporting Metrics You Need to Monitor”

  1. I blog often and I really appreciate your content. Your article has really peaked my interest. I am going to take a note of your site and keep checking for new information about once a week. I subscribed to your RSS feed as well.

  5. Howdy, There’s no doubt that your site could be having browser compatibility problems. When I take a look at your website in Safari, it looks fine however, when opening in I.E., it’s got some overlapping issues. I simply wanted to provide you with a quick heads up! Besides that, excellent site.

  9. An outstanding share! I’ve just forwarded this onto a coworker who had been doing a little research on this. And he actually ordered me dinner simply because I found it for him… lol. So allow me to reword this…. Thank YOU for the meal!! But yeah, thanks for spending time to discuss this matter here on your website.

  14. Can I simply say what a comfort to find someone who actually understands what they are talking about online. You actually realize how to bring an issue to light and make it important. More people should read this and understand this side of the story. I was surprised that you’re not more popular because you surely have the gift.

  15. Aw, this was a really good post. Finding the time and actual effort to generate a really good article… but what can I say… I procrastinate a whole lot and don’t manage to get anything done.

  16. I really love your website.. Very nice colors & theme. Did you create this web site yourself? Please reply back as I’m hoping to create my own personal website and want to learn where you got this from or what the theme is named. Appreciate it.

  27. When I originally commented I appear to have clicked the -Notify me when new comments are added- checkbox and now every time a comment is added I receive 4 emails with the same comment. Perhaps there is an easy method you can remove me from that service? Many thanks.

  35. Right here is the perfect site for everyone who would like to understand this topic. You realize so much its almost tough to argue with you (not that I personally would want to…HaHa). You certainly put a brand new spin on a subject that has been discussed for decades. Wonderful stuff, just wonderful.

  39. Good day! I could have sworn I’ve been to your blog before but after browsing through some of the posts I realized it’s new to me. Nonetheless, I’m certainly delighted I stumbled upon it and I’ll be book-marking it and checking back often!

  51. You’re so interesting! I do not suppose I have read through a single thing like that before. So nice to discover somebody with a few unique thoughts on this subject matter. Seriously.. thank you for starting this up. This site is one thing that is required on the internet, someone with some originality.

  55. Oh my goodness! Incredible article dude! Thanks, However I am experiencing troubles with your RSS. I don’t know the reason why I am unable to join it. Is there anybody having similar RSS issues? Anybody who knows the answer can you kindly respond? Thanks!!

  58. Hello there! I could have sworn I’ve been to this blog before but after going through some of the articles I realized it’s new to me. Nonetheless, I’m certainly pleased I discovered it and I’ll be book-marking it and checking back often!

  60. When I originally commented I appear to have clicked on the -Notify me when new comments are added- checkbox and now whenever a comment is added I get four emails with the same comment. Perhaps there is an easy method you can remove me from that service? Thanks a lot.

  63. Next time I read a blog, I hope that it won’t disappoint me just as much as this particular one. After all, I know it was my choice to read through, but I genuinely thought you would probably have something helpful to talk about. All I hear is a bunch of moaning about something that you can fix if you weren’t too busy looking for attention.

  69. An impressive share! I have just forwarded this onto a friend who had been conducting a little research on this. And he actually bought me dinner due to the fact that I found it for him… lol. So let me reword this…. Thanks for the meal!! But yeah, thanks for spending some time to talk about this matter here on your website.

  72. You have made some really good points there. I checked on the internet to find out more about the issue and found most individuals will go along with your views on this web site.

  77. I would like to thank you for the efforts you have put in writing this site. I’m hoping to check out the same high-grade content from you later on as well. In truth, your creative writing abilities has encouraged me to get my own blog now 😉

  81. This is the perfect website for anybody who wants to understand this topic. You realize a whole lot its almost hard to argue with you (not that I personally will need to…HaHa). You definitely put a fresh spin on a topic that has been written about for ages. Excellent stuff, just excellent.

  88. Good post. I learn something new and challenging on websites I stumbleupon on a daily basis. It will always be interesting to read through content from other authors and practice a little something from other websites.

  96. After checking out a handful of the blog posts on your site, I honestly like your way of writing a blog. I book marked it to my bookmark website list and will be checking back soon. Take a look at my website as well and tell me how you feel.

  108. Hi, I do think this is a great site. I stumbledupon it 😉 I may revisit yet again since i have saved as a favorite it. Money and freedom is the greatest way to change, may you be rich and continue to help other people.

  110. Howdy, There’s no doubt that your web site might be having browser compatibility problems. Whenever I take a look at your web site in Safari, it looks fine however when opening in Internet Explorer, it has some overlapping issues. I merely wanted to give you a quick heads up! Other than that, excellent blog!

  111. I loved as much as you will receive carried out right here. The sketch is attractive, your authored material stylish. nonetheless, you command get got an impatience over that you wish be delivering the following. unwell unquestionably come further formerly again as exactly the same nearly very often inside case you shield this hike.

  115. An impressive share! I have just forwarded this onto a coworker who had been conducting a little homework on this. And he in fact bought me breakfast because I stumbled upon it for him… lol. So let me reword this…. Thanks for the meal!! But yeah, thanx for spending time to discuss this issue here on your site.

  122. I absolutely love your blog.. Great colors & theme. Did you create this web site yourself? Please reply back as I’m hoping to create my very own site and would like to know where you got this from or what the theme is called. Thanks!

  127. Hi there, I think your site might be having web browser compatibility problems. When I take a look at your website in Safari, it looks fine however, if opening in Internet Explorer, it has some overlapping issues. I just wanted to give you a quick heads up! Besides that, fantastic site.

  129. I’ve been exploring for a bit for any high-quality articles or blog posts on this kind of space . Exploring in Yahoo I ultimately stumbled upon this site. Reading this info So i am happy to exhibit that I’ve an incredibly good uncanny feeling I came upon exactly what I needed. I most indubitably will make certain to don’t fail to remember this website and provides it a glance regularly.

  131. I blog frequently and I truly thank you for your information. Your article has really peaked my interest. I’m going to take a note of your website and keep checking for new details about once per week. I subscribed to your RSS feed as well.

  134. Can I just say what a comfort to uncover somebody that actually understands what they are talking about on the web. You certainly realize how to bring a problem to light and make it important. More and more people must look at this and understand this side of your story. I can’t believe you are not more popular since you surely possess the gift.

  136. An intriguing discussion is worth comment. I do think that you should publish more about this topic, it may not be a taboo matter but generally people don’t talk about such issues. To the next! Kind regards.

  139. I got what you intend, thanks for putting up.Woh I am happy to find this website through google. “Being intelligent is not a felony, but most societies evaluate it as at least a misdemeanor.” by Lazarus Long.

  140. Having read this I believed it was extremely informative. I appreciate you spending some time and effort to put this information together. I once again find myself personally spending a significant amount of time both reading and commenting. But so what, it was still worth it!

  142. After looking over a few of the blog posts on your website, I honestly appreciate your technique of blogging. I saved it to my bookmark site list and will be checking back soon. Please check out my website as well and let me know your opinion.

  143. I absolutely love your blog.. Excellent colors & theme. Did you develop this web site yourself? Please reply back as I’m wanting to create my own blog and would like to find out where you got this from or exactly what the theme is named. Kudos.

  144. Aw, this was an incredibly nice post. Finding the time and actual effort to produce a very good article… but what can I say… I procrastinate a lot and don’t manage to get nearly anything done.

  150. After looking over a handful of the blog articles on your web site, I seriously appreciate your technique of writing a blog. I saved it to my bookmark site list and will be checking back soon. Please visit my website as well and let me know how you feel.

  156. Hi there! This blog post could not be written any better! Going through this post reminds me of my previous roommate! He always kept preaching about this. I most certainly will send this article to him. Pretty sure he’s going to have a good read. I appreciate you for sharing!

  157. I blog frequently and I seriously appreciate your information. The article has really peaked my interest. I am going to bookmark your blog and keep checking for new information about once per week. I opted in for your Feed as well.

  159. I’m impressed, I must say. Seldom do I come across a blog that’s equally educative and interesting, and let me tell you, you’ve hit the nail on the head. The problem is something which too few people are speaking intelligently about. I am very happy I stumbled across this in my search for something relating to this.

  162. An impressive share! I have just forwarded this onto a coworker who was doing a little research on this. And he actually ordered me lunch due to the fact that I discovered it for him… lol. So allow me to reword this…. Thanks for the meal!! But yeah, thanks for spending some time to talk about this topic here on your internet site.

  175. Oh my goodness! Incredible article dude! Thank you so much, However I am going through difficulties with your RSS. I don’t understand why I cannot subscribe to it. Is there anyone else having the same RSS problems? Anyone that knows the solution can you kindly respond? Thanks!

  184. Oh my goodness! Incredible article dude! Thank you, However I am encountering troubles with your RSS. I don’t understand why I can’t join it. Is there anybody having identical RSS problems? Anyone that knows the solution will you kindly respond? Thanx!

  194. Hi, There’s no doubt that your web site could be having internet browser compatibility problems. When I take a look at your web site in Safari, it looks fine however when opening in Internet Explorer, it’s got some overlapping issues. I merely wanted to provide you with a quick heads up! Apart from that, excellent blog.

Leave a Reply