Evaluate your recruiting process
Four metrics to calculate how well your organization recruits.
Evaluate your
recruiting process
Four metrics to calculate how well your
organization recruits.
The ability to evaluate the current state of your company’s recruiting process – from posting a job to placing a candidate – is a powerful way to identify where you’re crushing it and opportunities for improvement. But the first step is understanding which metrics are most important to you and your company. Here are four key metrics that every successful recruiter should keep in mind – and the formulas to help calculate your current performance.
Identify areas for improvement? Get ideas and tools to help improve your key metrics, talk to a hiring strategist.
Time to hire
How long it takes you to find, recruit, and hire someone
How to calculate:
+ Number of days from publishing your Job Post to filling the position
Hire rate
How often you successfully fill open positions
How to calculate:
Number positions filled ÷ Number open positions
Cost per hire
How expensive it is for you to recruit and hire someone
How to calculate:
Expenses* ÷ Number of hires
*Expenses include both internal (i.e. salary of team) and external (i.e. advertising, agency fees) costs
Candidate conversion rate
How effectively you attract the right talent
How to calculate:
Impressions (views of web pages, job post, and ads on social media) ÷ number of applications
LinkedIn Talent Solution products can help you find candidates faster, cheaper, and more efficiently. Learn how LinkedIn can help with boosting whichever metric you’re looking to improve.