How do you set and monitor your recruiting KPIs and SLAs?

To establish recruiting KPIs,define metrics like time-to-fill, Sourcing mix, cost-per-hire,and candidate quality. Set SLAs for response times, interview feedback, and candidate communication. Utilize recruitment software for real-time tracking and reporting. Regularly review performance against these benchmarks, adjusting strategies to optimize efficiency and align with organizational objectives. Keep communication channels open to adapt KPIs and SLAs based on evolving recruitment needs. Source mix sources through which you hire through the year helps determine which source or hiring channel is working best and the one which is underutilised, can be optimised.Candidate feedback forms to be filled to gather insights and target scorings.

Here are some topics that need to be discussed: - How often do we source the right candidates for specific job requisitions? - How long does it take to recruit the right candidate for particular jobs or particular teams? - How much does it cost to identify and engage with qualified candidates? - How many qualified candidates make it to the interview round? - How many interviews does it take for specific hiring managers to select a candidate? - How long does it take to recruit a qualified candidate? - How does our compensation rank with the competition? - How do new hires rate our recruiting process? - How many internal referrals have we received for the open position?

Progress and performance tracking and are often presented as percentages, ratios or single-digit numbers so you can see progress toward goals or performance improvement over time at-a-glance.

Sharing a known guide to set and monitor these metrics: 1. Identify Relevant Metrics: Begin by identifying the key metrics that align with your recruitment goals and objectives. 2. Set Clear and Measurable Targets: Once you have identified the relevant metrics, set clear and measurable targets for each one. 3. Track Data: Implement a system to track and capture data related to the identified recruiting metrics. This can be an ATS. 4. Regularly Analyze and Review: On a regular basis, analyze the collected data to assess the performance against the set targets. 5. Adapt and Evolve: Recruitment dynamics are constantly evolving, so regularly review and adapt your KPIs and SLAs.