Key recruitment metrics: How to effectively measure qualified CVs per vacancy
WHAT IS THIS KPI? In the recruitment process, obtaining CVs from qualified candidates is a key milestone. The ‘Qualified CVs per Vacancy’ KPI measures the number of CVs received from vetted candidates for the job vacancy.
WHY IS THIS METRIC IMPORTANT? The ‘Qualified CVs per Vacancy’ is a key KPI used to measure the effectiveness of a recruitment campaign and can indicate the likelihood of filling a role. It is also an effective method to evaluate the return on investment (ROI) on the recruitment marketing spend associated with the vacancy.
Understanding the ‘CVs per Vacancy’ KPI enables the employer to benchmark likely response rates from the talent market for different roles. Having these benchmarks allows employers to tailor recruitment marketing strategies to fill open roles depending on the nature of the vacancies
To read more about how to measure recruitment performance in your organisation download this report.