Establish a fool-proof recruitment strategy
Only when you measure your recruitment outcomes will you be able to understand how to consistently improve your hiring process. With hiring metrics, you can identify process inefficiencies and make informed decisions to improve your overall recruitment strategy. This can help you save both time and money long term, as well as improve the quality of hire metrics.
Zoho Recruit's reports and advanced analytics
On top of helping you track various talent acquisition metrics, Zoho Recruit gives you reports that enable you to draw deeper insights from your data. You also have the option to create custom reports with specific datasets as per your unique requirements.
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Set benchmarks for new hires
Get a better idea about what you should be looking for in your new hire by finding top performers in your organization and identifying the skills and qualities that make them special.
Best practices for collecting and analyzing recruitment KPIs
- Define the talent acquisition KPIs that you want to track.
- Set benchmarks with industry standards.
- Collect and analyze the entire recruitment lifecycle.
- Gather data accurately and consistently.
- Organize data in a decipherable manner.
- Gather enough data to identify patterns.
Eliminate the guesswork with Zoho Recruit's three vital datasets
- Time metrics
- Pipeline metrics
- Diversity metrics
Time metrics
Time in Stage
Application frequency rate
Offer Acceptance Rate
Sourcing summary
Gender demographics
Race demographics
Put your Zoho Recruit data to work
There are numerous ways to use the data that you have collected during the recruitment process, and each organization has a unique way of defining and interpreting them. Here are some examples on how you can make use of the data from Zoho Recruit.
Cost per hire
The cost per hire formula can help you get a better idea of how much money you spend on each hire, as well as how to optimize it.
Total number of hires
Source quality
This can give you an objective view on what channels give you the most, high-quality applicants.
Number of applications received from that channel
Pass through rate
Identify issues with different stages in your recruitment process by understanding how many candidates move from one stage to the next in the hiring process.
Total number of applicants
Offer acceptance rate
This helps you understand how attractive your offers are and find ways to make them better.
Total number of offers made
Applicant drop off rate
This can help you identify if you are losing candidates because of how simple or complex your application process is.
Total number of offers made
Benefits of using recruitment metrics
- Build a more cost- and time-effective hiring strategy.
- Improve candidate experience.
- Identify and resolve bottlenecks in your hiring process.
- Identify propitious qualities of top performers and set recruiting benchmarks for candidates.
- Improve quality of hire.
- Analyze the quality and quantity of applicants from different sourcing channels and know where to focus your recruitment efforts.
- Set diversity goals and follow through.
- Get a competitive advantage in the talent market.