How to track five important recruiting metrics
Use data to improve your hiring process
Metrics shed light on how effective and efficient recruiting is. They indicate whether hiring teams are fast or slow, whether you’re making good hires, or whether your candidates respect your hiring process. Metrics are your allies when you want to pinpoint challenges or build tangible reports for upper management. This Workable guide offers a comprehensive view of the most common important recruiting metrics with tips on how to optimize them to build a high-quality hiring process.
in this guide:
in this guide:
- A list of important recruiting metrics
- How to calculate cost per hire and time to hire
- Advice to track candidate experience
- The elements of quality of hire and source of hire
- Ways to optimize the numbers
- Limitations to consider when tracking metrics
About the author
NIKOLETTA BIKA
Senior Content Writer
Nikoletta Bika is a senior writer at Workable. She writes about all things HR and recruiting, with particular interest in bias, data, technology and the future of work. She hates meaningless jargon and dreams about space travel. She tweets @Nikoletta_Bika.
About the editors
Keith MacKenzie
Content Strategy Manager
Keith MacKenzie is the Content Strategy Manager at Workable. He has been a writer and editor in content marketing and the mainstream media for nearly two decades. He's been to Chernobyl – twice – and often wonders if that explains his multilateral approach to the world.
CHRISTINA PAVLOU
Content Writer
Christina is a writer at Workable, previously a recruiter. She writes about diversity in the workplace and reports on the shape of things to come. She tweets @ChristinaPaulou.
Get a head start on hiring
Get a head start on hiring
Workable is all-in-one recruiting software. A single platform to manage the hiring process, from sourcing and evaluating candidates to making an effective offer.
Get all the features free, for 15 days. No credit card required.
WHAT PEOPLE ARE SAYING ABOUT WORKABLE
WHAT PEOPLE ARE SAYING ABOUT WORKABLE
Jay Schaufeld
SVP Human Resources OwnerIQ
We have reduced our cost per hire by 54%, reduced our agency utilization, increased our employee referrals by 3x, and also improved our process flows and communications with candidates.
Andrew Jervis
Co-founder Click Mechanic
We all found it really easy to set up; straightforward and transparent. Being able to use it from Day One with no training was a real bonus for us as we desperately needed to start hiring and building our team.
Helpful resources
Helpful resources
Know your recruiting costs
Know your recruiting costs
What’s cost per hire? How high or low should it be? And, how do you create a hiring budget? Check out this complete FAQ.
Calculate your average time to hire
Calculate your average time to hire
Measure your time to hire, learn how you compare to industry and location benchmarks and get tips on how to reduce time to hire in the future.
