Track these KPIs to improve Talent Acquisition Performance of your Organisation

You can improve what you can measure. Like all domains of Businesses, this applies to Recruitment Teams as well. Every business has its own performance goals and the achievement of these goals are measured using a few KPI (Key Performance Indicators) or Metrics). In this article, we will dive into the KPIs that a Recruitment Team must Manage well:?

Goals of a Recruitment Team:??

• Reducing overall Recruitment Efforts and Cost
• Enhancing the pace of Hiring?
• Better Candidate selection
• Lower Candidate drops
• Better Candidate and Hiring Manager Experience

Recruiter Performance Analysis

The recruiter is at the heart of the organisation’s recruitment process. The recruiter is the face of the Organisation to the Candidates, she is the key catalyst between the recruiting business and the candidate, she is also the one that has the key to expediting or slowing down the recruitment process. Believe it or not, and contrary to general perception, the recruitment process is a complex chain of numerous steps. The complexity increases because there are multiple variables that are not in the hands of the Recruiter or anyone involved in the process for that matter. Hence, it is imperative that we take a more data-driven approach to keep a constant visibility of what is working or not working, what steps in the process need a little nudge and what steps need to be overhauled. But before you can make any improvement, you need to understand the Recruiter Metrics and KPIs. The next step is to measure these process KPIs so that you have the data and insights to make decisions on where and what to improve.

Recruiter KPIs

Some of the Key Metrics used to measure an organisation’s Talent Acquisition Efficiency are as below:

The above KPIs can be set up as Individual Recruiter-specific or Team-specific. The key here is setting up a mechanism through which data to calculate each of the above KPIs or Metrics are calculated when the process works. Typically, if an automated system such as a Recruitment Management System or Applicant Tracking System is used, the system automatically logs all the data against the KPI or metrics. Most of them also come with Dashboards and Reports to access these data drilled down to Recruiter level, Job Level, department level, organisation level, etc.?

Organisational KPI or Metrics

Apart from the above Metrics, there are also a set of Metrics that one must track to measure Talent Acquisition Performance at an organisation level or Departmental Levels.?

Organisational or Departmental Metrics

As the above list of Metrics or KPIs indicates, one can have great visibility of your organisational Recruitment efficiency through the use of Data. Manually keeping a track of these data against the KPIs may result in significant overheads for your recruitment Team. Hence, the use of Aplicant Tracking Systems are highly recommended.?

Some of the Insight driven decisions that you can expect to make through the use of the above KPI data/metrics:

• Decide on which Channels to use for what kind of Positions to optimise Cost and pace of hiring.
• Track Recruiter performance for rewarding, motivating and improvement.
• Control Cost on various process elements through the Cost of Hiring.
• Decide on engaging 3rd party vendors or using your own recruitment team based on the performance of both. Typically, 3rd Party recruitment agencies bring significantly higher efficiency due to the advantage of their scale.??
• Decide on the use of ATS Portals that give you the best visibility into your recruitment process.?
• Decide on what kind of Applicants to target for better quality and stability.?

?In summary, managing KPIs through Data must be at the heart of a Recruitment Team to keep improving the process and efficiency.

Teksands provides custom solutions to Enterprises’ Talent needs encompassing traditional/lateral Tech Talent sourcing, Research-based Niche skills sourcing, Corporate Training and Bootcamps, and Blended solutions such as HTD (Hire-Train-Deploy). Contact us at?[email protected] ?or visit us at?https://teksands.ai ?.?

of