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Hiring Metrics

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Hiring Metrics
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Hiring Metrics

 

Hiring metrics are measurements and data points used to optimize and analyze an organization’s hiring process. By employing the use of hiring metrics, a company can track and measure the effectiveness and success of its hiring and recruitment efforts. 

 

A comprehensive list of the most frequently used hiring metrics includes:

 

  • Referrals from current employees

  • Application completion rate

  • Time in process

  • Candidate call-back rate

  • Number of candidates per hire

  • Interview-to-hire ratio

  • Candidate diversity

  • Source of hire

  • Sourcing channel effectiveness

  • Sourcing channel cost

  • Recruitment funnel effectiveness

  • Offer acceptance rate

  • Fill rate

  • Cost of hire

  • Cost per hire

  • Time to fill

  • Time to hire

  • Quality of hire

  • Net promoter score

  • Satisfaction rate

  • Candidate experience

  • Retention rate

  • First-year attrition

  • Turnover rate

  • Recruiter performance metrics

 

By gathering, tracking, and analyzing the hiring metrics most relevant to its organization, a company can determine where recruitment budgets should be allocated and how recruiters can best focus their time. 

 

Example: 


According to a 2022 survey by PwC, HR tech investments account for 28% of a company’s total HR operating expenses. Businesses of all sizes can maximize their hiring budgets by closely tracking recruiting and hiring metrics. For example, a small business with a limited budget can track metrics such as sourcing channel cost and cost of hire to determine where its hiring manager should spend their time in future recruiting efforts.

Related Terms

Recruiting Metrics

are data points and measurements used for analyzing and optimizing an organization's hiring process. Using recruiting metrics, recruiters and managers can track and measure the effectiveness of the company's hiring process. Recruiting metrics are sometimes called hiring metrics.

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