If you are not currently using Hr recruiting metrics to measure new hire quality or hiring manager satisfaction, then you should begin doing so as this information could be very valuable in explaining changes that need to take place in the recruiting system or simply offer ways to make a good system even better.
While you do not have to implement all of these metrics at once, choose one or two that will help your recruiting system immediately and work from there. Over time, you can add more metrics until an entire measuring system has been created.
The Five recruitment metrics used by recruiters are:
- Recruiting Cost ratio (this includes staffing costs and new employee salaries over the year)
- Recruiting efficiency
- New hire performance
- Hiring manager satisfaction
- Employee starts (difference between date of offer and actual start date)
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