If you’re an In-House Recruitment Manager, daily tasks can be fairly demanding. You may feel as if you are constantly looking at how to drive down recruitment costs, and introduce improvements.
But where should you begin?
When starting your job at a new company, you may be hesitant to completely change their recruitment procedures, especially with targets to hit. So how should you go about improving in-house recruitment?
Start with looking at how the company seeks to attract candidates. In order to streamline the recruitment process, an in-depth audit can be used to look at how staff are recruited and candidate attraction strategies.
Webrecruit Ireland have calculated the top 5 metrics you need to help you recruit staff efficiently and in a cost effective way:
1. Overall time to hire
Time is a critical element in recruitment; It really does equate to money, and the longer the business takes to hire, the bigger effect on cost it will have.
Time-to-hire can be calculated by noting the time between the date you advertise your vacancy to the date the new hire starts within the business. To get a good overview of this metric, do it for a variety of different roles depending on your recruitment volume and take the average.
Looking for methods to reduce your time to hire can be extremely beneficial to your business, by improving efficiency of your direct recruitment processes.
2. Overall cost to hire
Cost to hire can be calculated by noting the cost of each recruitment campaign – from advertisement rates to the cost for a hiring manager carrying out interviews.
Again, look at the average cost over a number of positions – this is your cost to hire figure.
3. Cost to hire per job board
This allows you to be more particular in your auditing process, adding to the overall cost to hire.
The likelihood is that you use several job boards to advertise your vacancies. You need to be sure, however, that you are getting the best value for money from your selection.
Note the monthly cost of each job board you are using, before dividing it by the number of hires you have made using that particular board. By working out your cost to hire per board, you can eradicate any boards that are not performing as expected and, in turn, reduce your overall cost to hire.
4. Recruitment Source
The source of your applications is an important metric which can identify where the main bulk of your applications are coming from – including those of quality.
For numbers based solely on volume, divide the total number of applications for each vacancy by the number of applicants from each source. The source could include LinkedIn, your talent pool, referrals, different job boards etc.
If you want to look purely at the quality applications, divide the number of applicants that have been hired over the past 12 months by the number of those shortlisted from each source. If you have a large number of applications for a role, but none are suitable, then it may be worth re-considering for your recruitment.
5. Social media conversions
You need to know whether candidates are clicking through on jobs that are advertised through your social media pages. Even if you have a large number of followers, this doesn’t show how effective they are for promoting your vacancy.
Note your number of click throughs for each social media platform, and divide this by your number of followers to get a true indication of engagement. You will then get an insight in to which platform requires more of your time and candidate attraction efforts.
Are you looking at developing your direct recruitment strategy? Check out our free eBook, the In-House Direct Sourcing Guide.
30 thoughts on “Auditing Your Candidate Attraction Strategy – 5 Metrics You Need”
You are so interesting! I do not believe I’ve truly read through something like that before. So nice to discover someone with some original thoughts on this topic. Seriously.. thanks for starting this up. This site is something that is required on the internet, someone with a little originality.
An impressive share! I have just forwarded this onto a colleague who was conducting a little research on this. And he in fact bought me dinner because I stumbled upon it for him… lol. So allow me to reword this…. Thanks for the meal!! But yeah, thanks for spending the time to discuss this topic here on your web page.
You’re so cool! I don’t believe I have read through something like that before. So good to find somebody with some unique thoughts on this subject matter. Really.. many thanks for starting this up. This website is something that is needed on the web, someone with a little originality.
This is the right web site for anybody who would like to find out about this topic. You understand a whole lot its almost tough to argue with you (not that I really will need to…HaHa). You definitely put a brand new spin on a topic that’s been discussed for a long time. Great stuff, just wonderful.
You’re so cool! I don’t believe I have read through a single thing like that before. So great to discover another person with a few original thoughts on this subject matter. Really.. many thanks for starting this up. This website is something that is required on the web, someone with a little originality.
You made some decent points there. I looked on the internet for more info about the issue and found most individuals will go along with your views on this website.
When I initially left a comment I seem to have clicked on the -Notify me when new comments are added- checkbox and from now on every time a comment is added I get 4 emails with the exact same comment. Perhaps there is a way you can remove me from that service? Cheers.
A motivating discussion is worth comment. There’s no doubt that that you should publish more on this subject matter, it may not be a taboo matter but usually people do not speak about such subjects. To the next! All the best!
I’m amazed, I must say. Seldom do I come across a blog that’s equally educative and amusing, and let me tell you, you’ve hit the nail on the head. The problem is something that not enough people are speaking intelligently about. I am very happy that I stumbled across this in my search for something concerning this.
I blog often and I seriously thank you for your information. This article has really peaked my interest. I’m going to take a note of your blog and keep checking for new information about once per week. I subscribed to your RSS feed too.
The very next time I read a blog, Hopefully it won’t disappoint me just as much as this particular one. After all, I know it was my choice to read through, nonetheless I really believed you’d have something helpful to talk about. All I hear is a bunch of crying about something you can fix if you were not too busy seeking attention.
This website uses cookies to improve your experience. By continuing to use our site, you agree to our Cookies Policy and the placement of cookies on your device. Accept
Privacy & Cookies Policy
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
If you’re an In-House Recruitment Manager, daily tasks can be fairly demanding. You may feel as if you are constantly looking at how to drive down recruitment costs, and introduce improvements.
You are so interesting! I do not believe I’ve truly read through something like that before. So nice to discover someone with some original thoughts on this topic. Seriously.. thanks for starting this up. This site is something that is required on the internet, someone with a little originality.
Great information. Lucky me I ran across your website by chance (stumbleupon). I’ve bookmarked it for later.
An impressive share! I have just forwarded this onto a colleague who was conducting a little research on this. And he in fact bought me dinner because I stumbled upon it for him… lol. So allow me to reword this…. Thanks for the meal!! But yeah, thanks for spending the time to discuss this topic here on your web page.
Way cool! Some very valid points! I appreciate you penning this write-up and also the rest of the website is extremely good.
You’re so cool! I don’t believe I have read through something like that before. So good to find somebody with some unique thoughts on this subject matter. Really.. many thanks for starting this up. This website is something that is needed on the web, someone with a little originality.
This site certainly has all of the info I needed about this subject and didn’t know who to ask.
Very nice article. I certainly love this site. Keep it up!
This is the right web site for anybody who would like to find out about this topic. You understand a whole lot its almost tough to argue with you (not that I really will need to…HaHa). You definitely put a brand new spin on a topic that’s been discussed for a long time. Great stuff, just wonderful.
You’re so cool! I don’t believe I have read through a single thing like that before. So great to discover another person with a few original thoughts on this subject matter. Really.. many thanks for starting this up. This website is something that is required on the web, someone with a little originality.
Everything is very open with a really clear clarification of the issues. It was truly informative. Your site is extremely helpful. Thanks for sharing!
This is a topic that is close to my heart… Take care! Exactly where can I find the contact details for questions?
You made some decent points there. I looked on the internet for more info about the issue and found most individuals will go along with your views on this website.
When I initially left a comment I seem to have clicked on the -Notify me when new comments are added- checkbox and from now on every time a comment is added I get 4 emails with the exact same comment. Perhaps there is a way you can remove me from that service? Cheers.
I used to be able to find good info from your blog articles.
Way cool! Some very valid points! I appreciate you writing this post and also the rest of the website is extremely good.
https://www.carhubsales.com.au/user/profile/454971
Good blog you have here.. It’s hard to find quality writing like yours these days. I really appreciate people like you! Take care!!
Good article! We will be linking to this great post on our website. Keep up the good writing.
Everything is very open with a precise explanation of the challenges. It was really informative. Your site is very useful. Thank you for sharing!
I really like reading a post that can make people think. Also, thank you for allowing me to comment.
This blog was… how do you say it? Relevant!! Finally I have found something which helped me. Kudos!
A motivating discussion is worth comment. There’s no doubt that that you should publish more on this subject matter, it may not be a taboo matter but usually people do not speak about such subjects. To the next! All the best!
bookmarked!!, I really like your blog.
This is a topic that is close to my heart… Take care! Where can I find the contact details for questions?
I’m amazed, I must say. Seldom do I come across a blog that’s equally educative and amusing, and let me tell you, you’ve hit the nail on the head. The problem is something that not enough people are speaking intelligently about. I am very happy that I stumbled across this in my search for something concerning this.
Hi! I simply wish to give you a big thumbs up for the great info you have got here on this post. I will be returning to your website for more soon.
I blog often and I seriously thank you for your information. This article has really peaked my interest. I’m going to take a note of your blog and keep checking for new information about once per week. I subscribed to your RSS feed too.
This is a topic which is close to my heart… Many thanks! Exactly where can I find the contact details for questions?
website
The very next time I read a blog, Hopefully it won’t disappoint me just as much as this particular one. After all, I know it was my choice to read through, nonetheless I really believed you’d have something helpful to talk about. All I hear is a bunch of crying about something you can fix if you were not too busy seeking attention.