Roll Out an Efficient Recruitment Process in 2022

How to make the recruitment process more efficient

Roll Out an Efficient Recruitment Process in 2022

“Efficiency and focus are the keys to success.”

- Robert Crais, American Author

The world of recruitment and hiring has become rather erratic and unpredictable over the past few years. This was especially highlighted by the onset of the Covid-19 pandemic. When recruiters need to hire these days, they usually need to do it quickly. Now, the pandemic does play a part in this, but as we said it is only one part. The other is due to the rapid digitization of the market. As a whole, candidates are getting more and more accustomed to a more efficient and higher quality recruitment process. According to a whitepaper published by the Robert Walters Group, around 65% of candidates are put off by lengthy recruitment.

Another paper published by Deloitte states that around 83% of candidates who have a negative recruitment experience can often change their minds about a role or a company that they once liked. What these numbers tell us is that a long and awkward recruitment process will do more harm than good. This is not just speaking in terms of your candidate pool, but also your employer brand. Having said that, in this blog, we will have a look at a few different ways to improve your recruitment process strategy in 2022.

How Do You Define Efficiency in the Recruitment Process

Efficiency in the recruitment process is both fast and easy for all parties involved. This means it should be a seamless experience between and for the candidate and hiring manager. If you were to define it further, an efficient process would be one where automation takes care of the manual tasks and saves on administrative time. An efficient process is also one that has the right timing. It collects the necessary information at the required time so no one wastes theirs.

At the end of the day, there might be a million different ways to make the recruitment process more efficient. However, the truth of the matter is, it all begins with having the right technology.

Simplify the recruitment process

Simplifying the recruitment process is one of the best ways to make things more efficient.

#1 Maintain a Common Core for Your Information

Let’s be honest, the usual way that recruitment processes unfold is by having candidates apply through a job site. As the hiring manager, you download their information, shortlist them and add them to a spreadsheet. Once all that is done you feed it into the screening software you use. In this day and age, this is too clunky. It leaves candidate information everywhere and becomes a chaotic mess that you need a whole team of people to track at times.

A good place to start is by integrating some form of Applicant Tracking System (ATS). Think of it like a storage core where you keep all your candidate information. It’s like a one-stop-shop. This way, you eliminate the need for multiple excel sheets and keep things streamlined for yourself and the candidate. No information will be lost, candidates won’t miss crucial emails and you can close unwanted candidates off from the process with higher efficiency.

You can judge the quality of the ATS based on how well it integrates with other recruitment technologies like your automated reference checking software.

#2 Accept the Power of Automation

Automation is a modern luxury that allows recruiters to work smarter and not harder. They can put their skills to use where it matters rather than spending hours phone-screening candidates. Once you have the right automation technology on your side, you will be able to shortlist candidates more efficiently. This means you don’t have to spend days or even weeks working your way through a thousand different applications and resumes.

Rather, you just need to call the candidates who were shortlisted and select the best from that crowd. Easier shortlisting means less time to hire and better quality of candidates seeing as the recruiter is free to use their talents where it matters most. Once again, as we mentioned before this should ideally integrate with your ATS as well.

"Efficiency is doing better what is already being done."

Peter Drucker, Austrian-American Educator

#3 Check Scalability and Compatibility of Technologies

So far, we have talked about the implementation of technology. This point is more about making sure you implement the right technology. With the arrival of the pandemic and everyone shifting to remote work, practically overnight, it was a big change. Companies grabbed the first recruitment automation solution they could get their hands on. However, with remote work looking like it will be a possible constant in the future, it’s time to adopt technologies that will scale up with your business.

Ask yourself if the technology adds value to the process and what ROI you get from it. What are its limitations? Is it available 24/7? Can you integrate it with your existing systems or expand it as necessary? These questions will help determine if you are choosing the right product for your specific business needs. If you suddenly have to hire a huge influx of candidates you don’t want to be left stranded because you need to update your strategy or tech stack.

#4 Keep Experimenting

Experimenting doesn’t just mean checking all your processes all the time. It means to change things up a little! If you usually recruit at the end of the process, try doing it at the beginning! This is a great way to shortlist a group of strong candidates and it saves a ton of time. It can also help you lock down top talent fast as the due diligence will be done early on in the process.

Another thing you could do is pre-screen all your eligible candidates at the beginning of the recruitment process. It will allow you to evaluate more candidates in half the time. This means that you get to work with a wider talent pool and more data efficiently. There is also the added benefit of reduced human bias.

Constantly testing and experimenting will help you improve your overall recruitment process and candidacy funnel. Remember, you don’t have to reinvent the wheel or anything, just small changes can go a long way. Following these steps can help make the process easier and of higher quality, which is what you need in the modern job market as an employer.

Job Interview Questions Every Candidate Should Ask an Employer

Ask the right questions during the job interview

Job Interview Questions Every Candidate Should Ask an Employer

“To ask the right question is already half the solution of a problem.”

- Carl Jung, Swiss Psychiatrist

In this day and age, the workplace isn’t what it used to be. The pandemic proved how valuable job security and satisfaction were for employees. When it comes down to the recruitment process, the job interview is often the defining moment for both employer and employee. In such a rapidly changing landscape, you as the employee, need to also have the assurance that your potential employer has your best interest at heart. You also need to be sure that there is room for growth and that they are adapting to the ever-changing landscape. This blog aims to give candidates and jobseekers alike a helping hand in framing some impressive questions that can not only help your chances at landing a job but also help you assess the company for compatibility. Without delay, let’s get into it!

Job Interview Question 1: What's Your Strategy for Surviving the Pandemic?

Don’t think of this as an offensive question. It’s completely fair for you as a potential future employee to want to know if your employer has a viable business model. You need to make sure you have some level of job security before diving in right? Besides, it’s no secret that a lot of companies went under during the pandemic-induced shutdowns. If not that, it’s been downsized or restructured. Everyone had to learn to adapt or drown, so you need to know how they survived so you can go forward.

It would also be a good idea to check if they have a plan to survive the next pandemic if there ever was one. Given the different variants out there and the consecutive waves across the globe, it’s hard to be certain of anything. Make sure your employer has a backup plan in place.

The right job interview questions will determine the future of your work

Your future rides on you asking the right questions during a job interview, so make it count!

Job Interview Question 2: How Did You Add Value During the Pandemic?

Keeping to the pandemic centric questions, this is another one. It was a time when the world was forced to come together. Industries relied on each other and had to go the extra mile to survive. Some companies like food delivery services and grocery stores became key social enablers that people depended on daily. Alcohol distilleries started manufacturing hand sanitisers in some parts of the world.

The point being, asking your prospective employer about how they added value to other businesses or society in general during this time is very insightful. They tell you a lot about the employer’s character and intentions.

Job Interview Question 3: What Are Your Policies on Flexible Work?

Most people have gotten used to the remote work model. It’s flexible and convenient most days. If not that, then a hybrid work model. Whatever the case, not many are in favor of the usual 9-to-5 work model. If you find yourself a part of this crowd, then you should ask your prospective employer if they have flexible work policies. If they don’t ask them what the average week looks like. This is a great job interview question to help you decide where you want to work.

Job Interview Question 4: What Are Your Future Plans?

If the pandemic taught us anything, it is that the future is uncertain. As a potential employee, it makes sense for you to want to know what your prospective company envisions for its future. What are they working towards and are you interested in being a part of that vision? Ask them about projects or strategies that they have in the pipeline.

"I will prepare and someday my chance will come."

- Abraham Lincoln, 16th U.S. President

Job Interview Question 5: What is the Work Culture Like?

To be able to grow or even work at a company, you need to know if you would get along with the other employees. Ask your employer about what the culture is like, how open and free the general atmosphere is most days and what they strive to achieve in that. This job interview question is very important because most employees quit after a few months. This is often due to the company culture not being what they expected.

Job Interview Question 6: What Does Career Growth Look Like in Your Company?

This job interview question has always been a relevant one. Coming back to the idea of job security. You need to know if there is room for career growth within the company. Ask them what incentives they provide, how often do they have their employee assessments, how much do they alter salary increments and even how often they promote people. There is no point in joining a company where you hit a dead-end in terms of career growth.

Skill Shortages in the Modern Workplace: How to Overcome It

Finding the Right Employee to Combat Skill Shortages

Skill Shortages in the Modern Workplace: How to Overcome It

“Don’t get distracted by the shiny object (and if a crisis comes), execute on the fundamentals.”

- Reed Hastings, CEO of Netflix

In recent years with the shift in work modes as a result of the pandemic, many have lost their jobs. This is partly also due to the changes in technology that were forced into commission as a result of the circumstances. The rapid changes in the needs of businesses left gaping canyons of disparity when it comes to skill shortages. As job demands increase and change new skills are being found to fill the gaps. This leaves some skills outdated, unfortunately. 

When all is said and done, businesses are struggling to find the right skill sets to address the skill shortages they face. More than that, talent is also becoming scarce. Without the right recruitment strategy, the shrinking talent pool may eventually dry up. Having said that, in today’s blog, we will address these skill shortages by showing you what steps you can take to improve your hiring strategy.

Skill Shortages Tip #1: Focus on Hiring the Right Candidate

When skill shortages are concerned, it becomes critical to hire the right people at the right time. As you would imagine, with such a scenario, the competition is likely to be high for the existing talent pool. The more the competition, the longer it might take you to find the right person for the job.

The candidate also gets more leverage due to the high demand for their skills. This can lead to a high payout to land a certain candidate. However, even if you win this race, there is no guarantee that you will find the right candidate. The chances of hiring the wrong person go up in a shrinking talent pool. This is partly because you are just grabbing the first best opportunity you get. That’s why it’s important to take the time to assess your options and make sure you focus on hiring the right person.

Use automation in the fight against skill Shortages

Automated Reference Checking technology can be a great help in identifying the right candidate for you!

Skill Shortages Tip #2: Use the Right Technology for Better Quality

Sometimes all it boils down to is using the right technology. For instance one of the main reasons that the recruitment process takes so long, is the reference checking and cross verification. What if you had a tool that could help you automate that process so your hiring manager can focus on what matters. This is where automated reference checking like Credibled comes in.

Credibled was founded by highly experienced recruiting industry leaders to provide cost-effective, automated reference checking solutions. We have utilized reference checking services ourselves and felt that there is a lot of room for growth and change in the industry. We took our prior experience to develop an industry-leading software solution. In the fierce race to secure top talent, Credibled enables you to win the battle with transparent, accurate and accelerated reference checks.

Our powerful API gives you an unmatched verification experience in the recruitment process. This means that you can start building on our platform effortlessly and make your background checks faster, easier, and more accurate. So, it’s worth considering.

Skill Shortages Tip #3: Shoot for Better Employee Retention

Many hiring managers will tell you that losing your existing employees takes more of a toll on the company than hiring new ones. Therefore, when you do find the right person, make sure you employ strategies to retain them for the long run. However, before you can jump in and try to create an employee retention plan to address the skill shortages, you need to identify the reasons for low retention.

It could be a variety of different things from poor quality of management, tough work-life balance, poor cultural fit, or even a lack of opportunity to grow within the company. Then once you identify the issues, you can go about creating solutions to address them. For example, you could pay competitive salaries, offer on-the-job training, reward and appreciate employees for their efforts or just re-invent the culture of the company to make it more inclusive.

"Choose the right employees and then set them loose."

- Carlos Slim, Mexican Business Magnate

Skill Shortages Tip #4: Stay Connected With Your Talent Pool

During the recruitment process, you build a repository of candidates. The mistake most hiring managers make is that they forget about all the ones that didn’t make it past screening. This is perhaps one of the most valuable resources you can have in the fight against skill shortages. As time goes on, these individuals are constantly studying, training and gaining new skills that might be useful later down the line.

A talent pool is never stagnant. Hence, you need to stay in touch with them and do regular follow-ups. This is especially useful when you’re headhunting and in the race for top talent.

Skill Shortages Tip #5: Adapt Your Workforce to Suit Current Trends

As we mentioned earlier, the onset of the pandemic forced mass migrations in technology and workforce trends. Most of the world was working from home. People got a taste for it. Now, even with offices opening back up, a lot of workers prefer the flexibility of working from home, which directly conflicts with the workforce composition of many companies. What hiring managers need to do, is to rethink their hiring policies and workforce compositions going forward. This includes accommodating the needs of remote workers.

Roll Out an Efficient Recruitment Process in 2022

How to make the recruitment process more efficient

Roll Out an Efficient Recruitment Process in 2022

“Efficiency and focus are the keys to success.”

- Robert Crais, American Author

The world of recruitment and hiring has become rather erratic and unpredictable over the past few years. This was especially highlighted by the onset of the Covid-19 pandemic. When recruiters need to hire these days, they usually need to do it quickly. Now, the pandemic does play a part in this, but as we said it is only one part. The other is due to the rapid digitization of the market. As a whole, candidates are getting more and more accustomed to a more efficient and higher quality recruitment process. According to a whitepaper published by the Robert Walters Group, around 65% of candidates are put off by lengthy recruitment.

Another paper published by Deloitte states that around 83% of candidates who have a negative recruitment experience can often change their minds about a role or a company that they once liked. What these numbers tell us is that a long and awkward recruitment process will do more harm than good. This is not just speaking in terms of your candidate pool, but also your employer brand. Having said that, in this blog, we will have a look at a few different ways to improve your recruitment process strategy in 2022.

How Do You Define Efficiency in the Recruitment Process

Efficiency in the recruitment process is both fast and easy for all parties involved. This means it should be a seamless experience between and for the candidate and hiring manager. If you were to define it further, an efficient process would be one where automation takes care of the manual tasks and saves on administrative time. An efficient process is also one that has the right timing. It collects the necessary information at the required time so no one wastes theirs.

At the end of the day, there might be a million different ways to make the recruitment process more efficient. However, the truth of the matter is, it all begins with having the right technology.

Simplify the recruitment process
Simplifying the recruitment process is one of the best ways to make things more efficient.

#1 Maintain a Common Core for Your Information

Let’s be honest, the usual way that recruitment processes unfold is by having candidates apply through a job site. As the hiring manager, you download their information, shortlist them and add them to a spreadsheet. Once all that is done you feed it into the screening software you use. In this day and age, this is too clunky. It leaves candidate information everywhere and becomes a chaotic mess that you need a whole team of people to track at times.

A good place to start is by integrating some form of Applicant Tracking System (ATS). Think of it like a storage core where you keep all your candidate information. It’s like a one-stop-shop. This way, you eliminate the need for multiple excel sheets and keep things streamlined for yourself and the candidate. No information will be lost, candidates won’t miss crucial emails and you can close unwanted candidates off from the process with higher efficiency.

You can judge the quality of the ATS based on how well it integrates with other recruitment technologies like your automated reference checking software.

#2 Accept the Power of Automation

Automation is a modern luxury that allows recruiters to work smarter and not harder. They can put their skills to use where it matters rather than spending hours phone-screening candidates. Once you have the right automation technology on your side, you will be able to shortlist candidates more efficiently. This means you don’t have to spend days or even weeks working your way through a thousand different applications and resumes.

Rather, you just need to call the candidates who were shortlisted and select the best from that crowd. Easier shortlisting means less time to hire and better quality of candidates seeing as the recruiter is free to use their talents where it matters most. Once again, as we mentioned before this should ideally integrate with your ATS as well.

"Efficiency is doing better what is already being done."

Peter Drucker, Austrian-American Educator

#3 Check Scalability and Compatibility of Technologies

So far, we have talked about the implementation of technology. This point is more about making sure you implement the right technology. With the arrival of the pandemic and everyone shifting to remote work, practically overnight, it was a big change. Companies grabbed the first recruitment automation solution they could get their hands on. However, with remote work looking like it will be a possible constant in the future, it’s time to adopt technologies that will scale up with your business.

Ask yourself if the technology adds value to the process and what ROI you get from it. What are its limitations? Is it available 24/7? Can you integrate it with your existing systems or expand it as necessary? These questions will help determine if you are choosing the right product for your specific business needs. If you suddenly have to hire a huge influx of candidates you don’t want to be left stranded because you need to update your strategy or tech stack.

#4 Keep Experimenting

Experimenting doesn’t just mean checking all your processes all the time. It means to change things up a little! If you usually recruit at the end of the process, try doing it at the beginning! This is a great way to shortlist a group of strong candidates and it saves a ton of time. It can also help you lock down top talent fast as the due diligence will be done early on in the process.

Another thing you could do is pre-screen all your eligible candidates at the beginning of the recruitment process. It will allow you to evaluate more candidates in half the time. This means that you get to work with a wider talent pool and more data efficiently. There is also the added benefit of reduced human bias.

Constantly testing and experimenting will help you improve your overall recruitment process and candidacy funnel. Remember, you don’t have to reinvent the wheel or anything, just small changes can go a long way. Following these steps can help make the process easier and of higher quality, which is what you need in the modern job market as an employer.

Reference Checking: Everything You Need to Know About the Process

Everything you need to know about reference checking as a process

Reference Checking: Everything You Need to Know About the Process

“It’s more important to hire people with the right qualities than with specific experience.”

- J. Willard Marriott, American entrepreneur

Many employers use reference checking as part of the hiring process. We can all agree it’s a pretty standard occurrence. It’s basically when an employer contacts the job applicants, previous employers. This is usually done to get a better idea of who the candidate is, their past work experience and other factors to verify if they are suitable for the offered position. Having said that, despite its standard presence across the various industries, the very definition of a reference check has changed somewhat over the years.

The way people perceive it, approach it and handle it has morphed into something more inclusive. As with all things that change with the needs of the market and society around it, the reference checking process has become a refined tool, rather than just another box to check.

What is Included in a Reference Check?

So there are two basic levels to a reference check. It can either be a surface-level reference check or an in-depth one. With the former, it’s more an exercise to verify dates of employment, job titles, qualifications and other factual information. When you consider the latter, it’s more detailed as the name suggests.

Reference will face a line of questioning that is similar to that which the applicant faces. As mentioned before, this is more a traditional reference check, where employers try to get an idea about who the person behind the resume is. They dig into the applicants’ strengths, weaknesses, skills, teamwork abilities and so on, to see if they are a good fit for the job.

Canada has key reference checking laws in place
Canada has key laws and acts that regulate what information flows and how it flows during the reference checks.

Reference Checking Vs. Background Checks

If you’re wondering if the two are the same thing, the answer is kind of, but not really. The major differentiator, in this case, is their focus. Reference checks are meant for providing insights into the candidate’s ability as an employee while also doing the surface level verification. However, background checks are purely meant for credential verification purposes.

Another difference is that where a reference may only focus on the personal and professional reference you provide, a background check will go into your employment history, credit history, criminal records and so on.

Laws Regulating Reference Checking in Canada

Different countries have different privacy laws and regulations when it comes to background checks. However, when you take the case of Canada there are two specific laws that you need to make note of. One is the Privacy Act and the other is the PIPEDA (Personal Information Protection and Electronic Documents Act) at the federal level. Keep in mind that there are also laws at the provincial level.

These laws are in place to regulate the organization’s right to receive information during reference checks. As per said laws, the candidates in question have to give written consent to have the reference checking conducted by the relevant employers.

Organizations also have to store the information from the reference checks they do, for at least a year. At the same time, candidates should have the opportunity to access their information. Apart from these federal laws, there are also Human Rights Legislation Acts in Canada that impact reference checking. The Canadian Human Rights Act as well as the Provincial and Territorial Human Rights Laws, prohibit employers from asking questions in certain areas during a reference check or interview.

These areas include race, ethnicity, religion, age, gender, marital status, family status, disability, genetics, criminal records. Asking questions about these topics could be discriminatory and the company could get in trouble. Fair to say, there are many do’s and don’ts when it comes to reference checks in Canada.

"You don't hire for skills, you hire for attitude. You can always teach skills."

- Simon Sinek, Author

The Right Way to Handle Reference Checks

All things considered, it would be a fair assumption to say that reference checking plays an important role in the hiring process. Given the weight it carries, it makes sense that there are so many laws that regulate it at so many levels. At the end of the day, it should be done right.

For one thing, consider doing the reference check at the beginning of the hiring process as opposed to the end. This will save everyone’s time by eliminating any doubt about whether the candidate in question is suitable for the recruitment process or not. Another thing you should keep in mind is the format. A common format is important given you will be checking in on candidates from different walks of life. So, to keep things unbiased, objective, and fair, you need to have a set number of common questions that you can apply across the board.

How Candidates Should Apply

The care a candidate puts into the application process, tells a lot about them. When they apply, ideally, they should provide proper references. They should give you at least three former co-workers and supervisors. However, if they are applying for their first job, like a fresh graduate, then the reference information for their college professors or lecturers can suit the purpose of the reference check.

Make sure that you ask for the applicant’s consent before conducting the check. You should try to get it in writing just to be safe. You also need to make sure that the references are willing to stand for the candidate. Take it a step further and advertise this when you make the vacancy public; it will smooth out the process a little more.

These days automated reference checking is becoming more and more popular due to its efficiency capabilities.

automated reference checking is becoming the new trend in the recruitment landscape

Preparation

Now as we mentioned before, most companies tend to wait till the end of the recruitment process to conduct the reference checks. The best method is to do it before the recruitment process gets started. This thins the crowd and you proceed with only the candidates who will suit your company culture and job profile.

Now onto the actual preparation. Before you start firing away 20 questions, call up the references and find out if they want to stand in as a reference for the applicant. Start with the senior-most reference and work your way down, it’s a professional courtesy. Inform them about the process, the candidate’s application (after getting the candidate’s consent), and get everyone on the same page.

They might agree to do the interview on the spot, or you might have to schedule them for a more convenient time later. The best way is via phone call or email, traditionally speaking, so get that confirmed as well.

Executing the Reference Checking

Finally, the day for the check arrives! You need to confirm that everyone is ready and available. Make sure to inform the reference about the time it might take. Be clear with the information you provide.

Finally, approach it like a conversation. The references are people after all; human beings. So get them relaxed, ease into the conversation, take it one question at a time and take plenty of notes. As good as traditional reference checks are, these days a lot of companies are employing the service of automated reference checking. This is a process that eliminates human bias, reduces time to hire and makes the whole process smoother. As an employer, you should consider this option.

Hiring Metrics You Should be Tracking in 2022

Hiring Metrics help you improve your hiring strategy

Hiring Metrics You Should be Tracking in 2022

“It is much more difficult to measure nonperformance than performance.”

- Harold S. Geneen, Ex-President of ITT Corporation

Attracting high-quality candidates seems to be one of the biggest challenges that hiring managers face these days. To help drive the odds in their favour, one would measure and track certain hiring metrics. These metrics serve the purpose of acting as indicators. They show you where you stand in terms of success. They also show how much you have to grow and the changes you need to make to get there. Keep in mind that there are plenty of hiring metrics to track when attempting to capture the cream of the crop. However, some metrics are more important than others.

Determining which ones are more important depends to how your business defines success. Having said that, for growing businesses, it can be tough to know which metrics to prioritize. Hence, we have put together a list of hiring metrics for you that you need in 2022. Regardless of the direction your business might go in, these indicators can be applied to a variety of scenarios!

Hiring Metrics #1: Hires per Month

Hires per month and headcount growth is some of the most universal metrics when it comes to recruitment. Tracking your hires per month is essential. It tells you how many people your company hires on an average monthly basis. On the other hand, the headcount growth is a figure that you can aim for over a period of time- sort of like a recruitment goal.

By having these two metrics measured and tracked side-by-side you can have hard facts that tell you how well you are performing. You could have just one of those metrics, but having both works together is ideal. This is especially good for a business that plans to consistently hire and expand. However, you need to make sure that the growth targets are realistic. Take into account the size and capacity of the hiring team, the market trends, the nature of the role and so on.

Time to hire is one of the most important hiring metrics
The time it takes to interview can be an indicator to different things like candidate quality, time to hire, etc.

Hiring Metrics #2: Cost per Hire

While you track how often you hire people and how many you hire, it’s also important to measure the cost to the business. Remember, labour is not free and quality talent will make a dent in your budget. Now the cost to hire goes beyond just your employee’s salary. You have to take into consideration things like how much you’re paying a hiring agency (if applicable), the cost to be listed on a job board, membership fees for certain networks and so on. In some cases, you might even have to take into consideration the recruit’s relocation costs. All this will tell you how efficient your overall recruitment process is.

Hiring Metrics #3: Average Time per Interview

This metric is often mixed up with time to hire. The truth of the matter is, in the modern hiring landscape, the time to hire is too broad a concept. For example, the time to hire someone as a waiter will not be the same as the time it takes to hire an IT professional. These are two vastly different occupations with different hiring criteria and need to be handled as such. Therefore, having an average measure of time to hire, from the date of advertising the position to filling it, is unrealistic!

A better way to go about it is to measure the average time to interview candidates. This in itself will give you a measure of the time a candidate spends interviewing with your company. It will also give you additional data such as the candidate’s interviewing experience as well as your overall time to hire an individual. It’s a more compartmentalized approach, yet it works quite well for all intents and purposes.

Hiring Metrics #4: Probation Pass Percentage

Hiring a candidate that doesn’t stick around is a drain on your company’s time and resources. It is therefore all the more surprising how few companies consider post-hiring performance as an effective hiring metric. This is where the probation period comes in handy. By measuring the percentage of candidates that pass the probation, you can efficiently identify whether you’re hiring the right candidate. It will also give you a better idea of what kind of candidate might best fit the company culture and the quality standards you expect.

Yes, the probation pass numbers are a reflection of the recruitment efforts of your team or the recruitment agency that you employ. However, it is also a measure of the candidate’s willingness and aptitude. If there is a high percentage of candidates that fail the probation period, it could be that you are not hiring the right people or their skills aren’t measuring up to your expectations. In which case, you need to set clearer expectations and communicate the same when hiring. This metric is a good indicator of how to best alter the recruitment strategy.

Hiring Metrics #5: Measure Percentage of Inbound Hires

This is an important one. As a business with a working recruitment strategy, you need to know the percentage of your inbound hires. That is to say, how many people are approaching you, through the ads or job postings that you have put out. When you track this, you will get an idea of whether your recruitment efforts are reaching the right candidates and job market. If the inbound hires are not up to your expectations, then that means that you’re spending more time reaching out to candidates than they approach you.

Having a huge ratio of outbound hires to inbound hires could mean that the majority of your strategy isn’t reaching the right audience. It could also mean that it is reaching them, but not converting into anything of significance. This hiring metric will tell you how to adjust your advertising strategy and drive your efforts from that point.

There are tons of different metrics to measure your success, but only a few will work for you. Focus only on those!
Hiring Metrics

Hiring Metrics #6: Offer Acceptance Rate

This is one of the more obvious hiring metrics, but a necessary one nonetheless. Of course, you need to track the offer acceptance rate to identify how often you achieve the goal of securing talent. However, you should consider this metric as a primary indicator for other feedback points. If the offer acceptance rate is low, then the hiring experience might be poor, or you could be taking too long to process the candidate. Having said that, you shouldn’t aim for an unrealistic, ‘perfect’ acceptance rate score either. Doing that could take away from the attention you give to the quality of the candidate experience or the candidate themselves. Neither extreme is good for business. Maintaining a 75% to 85% acceptance rate is ideal in most cases.