“ Rethinking Your Recruiting Metrics for a Down Economy” Hosted By:   David Freeman Talent Management Solutions Consultant...
Ask Questions Enter Question Press Send
Ask Questions Slides Available [email_address] www.slideshare.net/sonicrecruiter Recorded Webinar www.sonicrecruit.com/com...
“Rethinking Your Recruiting Metrics for a Down Economy” <ul><li>Whether or not you need to reevaluate your recruiting goal...
“Rethinking Your Recruiting Metrics for a Down Economy”
“Rethinking Your Recruiting Metrics for a Down Economy” “ With Great Change Comes Great Opportunity”
“Rethinking Your Recruiting Metrics for a Down Economy”
“Rethinking Your Recruiting Metrics for a Down Economy” <ul><li>Transactional Recruiting </li></ul><ul><ul><li>Reactive in...
“Rethinking Your Recruiting Metrics for a Down Economy” <ul><li>Transactional Recruiting Metrics </li></ul><ul><ul><li>Cos...
“Rethinking Your Recruiting Metrics for a Down Economy” <ul><li>Strategic Recruiting </li></ul><ul><ul><li>Proactive, Stra...
“Rethinking Your Recruiting Metrics for a Down Economy” <ul><li>Strategic Recruiting Metrics </li></ul><ul><ul><li>Quality...
“Rethinking Your Recruiting Metrics for a Down Economy” <ul><li>Quality of Hire </li></ul><ul><ul><li>Performance indicato...
“Rethinking Your Recruiting Metrics for a Down Economy” <ul><li>Source Efficiency – Source ROI </li></ul><ul><ul><li>Quali...
“Rethinking Your Recruiting Metrics for a Down Economy” <ul><li>Rate of Referral </li></ul><ul><ul><li>Focus on recruiter ...
“Rethinking Your Recruiting Metrics for a Down Economy” <ul><li>Hiring Manager Satisfaction </li></ul><ul><ul><li>Did the ...
“Rethinking Your Recruiting Metrics for a Down Economy” <ul><li>Candidate/New Hire Satisfaction </li></ul><ul><ul><li>Surv...
“Rethinking Your Recruiting Metrics for a Down Economy” <ul><li>Candidate Pipeline Development </li></ul><ul><ul><li>Track...
“Rethinking Your Recruiting Metrics for a Down Economy” <ul><li>Turnover by Length of Employment </li></ul><ul><ul><li>Whe...
“Rethinking Your Recruiting Metrics for a Down Economy” <ul><li>Process Effectivenes </li></ul><ul><ul><li>Where are candi...
“Rethinking Your Recruiting Metrics for a Down Economy”
“Rethinking Your Recruiting Metrics for a Down Economy” <ul><li>Whether or not you need to re-evaluate your recruiting goa...
<ul><li>Cytiva’s Free Webinar series   </li></ul><ul><ul><li>Tips and Tricks for Effective E-Recruiting </li></ul></ul><ul...
<ul><li>Follow Us </li></ul><ul><ul><li>Twitter :  https://twitter.com/Cytiva </li></ul></ul><ul><ul><li>Facebook:  http:/...
“Rethinking Your Recruiting Metrics for a Down Economy” <ul><li>Cytiva Software Inc. offers a wide variety of products and...
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Talent Talk Webinar Rethinking Your Recruiting Metrics In A Down Economy

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With increased unemployment and decreased hiring volume, your current recruiting metrics may not be appropriate barometers for success in the new economy. It's time to re-think your recruiting metrics to help support different goals and success criteria. A recorded version of this webinar is available at www.cytiva.com

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Talent Talk Webinar Rethinking Your Recruiting Metrics In A Down Economy

  1. 1. “ Rethinking Your Recruiting Metrics for a Down Economy” Hosted By: David Freeman Talent Management Solutions Consultant Cytiva Software Inc.
  2. 2. Ask Questions Enter Question Press Send
  3. 3. Ask Questions Slides Available [email_address] www.slideshare.net/sonicrecruiter Recorded Webinar www.sonicrecruit.com/company/events.htm (You’ll get an email with this information. Check your spam filters)
  4. 4. “Rethinking Your Recruiting Metrics for a Down Economy” <ul><li>Whether or not you need to reevaluate your recruiting goals </li></ul><ul><li>Key metrics that can help you focus your efforts for maximum results </li></ul><ul><li>How to tailor metrics to support your new goals </li></ul>
  5. 5. “Rethinking Your Recruiting Metrics for a Down Economy”
  6. 6. “Rethinking Your Recruiting Metrics for a Down Economy” “ With Great Change Comes Great Opportunity”
  7. 7. “Rethinking Your Recruiting Metrics for a Down Economy”
  8. 8. “Rethinking Your Recruiting Metrics for a Down Economy” <ul><li>Transactional Recruiting </li></ul><ul><ul><li>Reactive in approach </li></ul></ul><ul><ul><li>“ Apply or Go Away” </li></ul></ul><ul><ul><li>High volumes of applicants from transactional sources </li></ul></ul><ul><ul><li>High number of requisitions per recruiter </li></ul></ul><ul><ul><ul><li>Agency 8-12 </li></ul></ul></ul><ul><ul><ul><li>Corporate 25-40 </li></ul></ul></ul><ul><ul><li>Emphasis on filling positions quickly </li></ul></ul>
  9. 9. “Rethinking Your Recruiting Metrics for a Down Economy” <ul><li>Transactional Recruiting Metrics </li></ul><ul><ul><li>Cost-Per-Hire </li></ul></ul><ul><ul><li>Time-to-Fill </li></ul></ul><ul><ul><li>Source Efficiency Based on Quantity vs Quality </li></ul></ul><ul><ul><li>Turnover Percentage </li></ul></ul>
  10. 10. “Rethinking Your Recruiting Metrics for a Down Economy” <ul><li>Strategic Recruiting </li></ul><ul><ul><li>Proactive, Strategic in Approach </li></ul></ul><ul><ul><li>Creates opportunities for potential candidates to </li></ul></ul><ul><ul><li>interact with the company without applying </li></ul></ul><ul><ul><li>More emphasis on quality of candidates by source </li></ul></ul><ul><ul><li>Lower number of requisitions per recruiter </li></ul></ul><ul><ul><li>Still an emphasis on filling positions quickly…but with </li></ul></ul><ul><ul><li>a higher expectation of quality </li></ul></ul>
  11. 11. “Rethinking Your Recruiting Metrics for a Down Economy” <ul><li>Strategic Recruiting Metrics </li></ul><ul><ul><li>Quality of Hire </li></ul></ul><ul><ul><li>Source Efficiency based on # of hires – Source ROI </li></ul></ul><ul><ul><li>Rate of Referral </li></ul></ul><ul><ul><li>Hiring Manager Satisfaction </li></ul></ul><ul><ul><li>Candidate Satisfaction </li></ul></ul><ul><ul><li>Candidate Pipeline Development </li></ul></ul><ul><ul><li>Turnover by Length of Employment </li></ul></ul><ul><ul><li>Process Effectiveness </li></ul></ul>
  12. 12. “Rethinking Your Recruiting Metrics for a Down Economy” <ul><li>Quality of Hire </li></ul><ul><ul><li>Performance indicators established before the </li></ul></ul><ul><ul><li>recruiting process begins </li></ul></ul><ul><ul><li>Performance indicators surveyed frequently </li></ul></ul><ul><ul><li>Formal performance appraisals aligned with Qof H </li></ul></ul>
  13. 13. “Rethinking Your Recruiting Metrics for a Down Economy” <ul><li>Source Efficiency – Source ROI </li></ul><ul><ul><li>Quality of candidates in pipeline </li></ul></ul><ul><ul><li>Volume of quality candidates in pipeline </li></ul></ul><ul><ul><li># of hires </li></ul></ul><ul><ul><li>QofH </li></ul></ul><ul><ul><li>Rate of Attrition </li></ul></ul>
  14. 14. “Rethinking Your Recruiting Metrics for a Down Economy” <ul><li>Rate of Referral </li></ul><ul><ul><li>Focus on recruiter generated referrals </li></ul></ul><ul><ul><li>Separate employee and candidate referrals </li></ul></ul>
  15. 15. “Rethinking Your Recruiting Metrics for a Down Economy” <ul><li>Hiring Manager Satisfaction </li></ul><ul><ul><li>Did the staffing function meet the expectations of the hiring manager </li></ul></ul><ul><ul><li>Tracked by req, recruiter, manager </li></ul></ul>
  16. 16. “Rethinking Your Recruiting Metrics for a Down Economy” <ul><li>Candidate/New Hire Satisfaction </li></ul><ul><ul><li>Survey both hired and not hired candidates </li></ul></ul><ul><ul><li>Application process experience </li></ul></ul><ul><ul><li>Interview process experience </li></ul></ul><ul><ul><li>Recruiter interaction </li></ul></ul><ul><ul><li>Hiring manager interaction </li></ul></ul>
  17. 17. “Rethinking Your Recruiting Metrics for a Down Economy” <ul><li>Candidate Pipeline Development </li></ul><ul><ul><li>Tracked against key/critical roles </li></ul></ul><ul><ul><li># of qualified candidates sourced by the recruiter with on-going relationships established </li></ul></ul><ul><ul><li>Multiple source tracking important </li></ul></ul>
  18. 18. “Rethinking Your Recruiting Metrics for a Down Economy” <ul><li>Turnover by Length of Employment </li></ul><ul><ul><li>When are new hires leaving </li></ul></ul><ul><ul><ul><li>less than 30 days, recruiting/selection process </li></ul></ul></ul><ul><ul><ul><li>30 – 90 days, onboarding/training </li></ul></ul></ul><ul><ul><ul><li>90 – 180 days, training/perception of long-term opportunity </li></ul></ul></ul><ul><ul><ul><li>+180 days, performance management/perception of long-term opportunity </li></ul></ul></ul><ul><ul><ul><li>Employees don’t quit companies, they quit their managers. </li></ul></ul></ul>
  19. 19. “Rethinking Your Recruiting Metrics for a Down Economy” <ul><li>Process Effectivenes </li></ul><ul><ul><li>Where are candidates falling out of the process? </li></ul></ul><ul><ul><li>Why are they falling out? </li></ul></ul><ul><ul><li>Tracked by % of qualified candidates that move from one step in the process to the next. </li></ul></ul><ul><ul><li>Google Analytics valuable resource for tracking application process effectiveness </li></ul></ul>
  20. 20. “Rethinking Your Recruiting Metrics for a Down Economy”
  21. 21. “Rethinking Your Recruiting Metrics for a Down Economy” <ul><li>Whether or not you need to re-evaluate your recruiting goals </li></ul><ul><li>Key metrics that can help you focus your efforts for maximum results </li></ul><ul><li>How to tailor metrics to support your new goals </li></ul>
  22. 22. <ul><li>Cytiva’s Free Webinar series </li></ul><ul><ul><li>Tips and Tricks for Effective E-Recruiting </li></ul></ul><ul><ul><li>Talent Acquisition Systems: Building a Strong Business Case </li></ul></ul><ul><li>Visit : www.sonicrecruit.com/company/events.htm </li></ul>
  23. 23. <ul><li>Follow Us </li></ul><ul><ul><li>Twitter : https://twitter.com/Cytiva </li></ul></ul><ul><ul><li>Facebook: http://tinyurl.com/kt4qut </li></ul></ul>
  24. 24. “Rethinking Your Recruiting Metrics for a Down Economy” <ul><li>Cytiva Software Inc. offers a wide variety of products and services to help you get the most out of your recruiting efforts. </li></ul><ul><li>Talent Acquisition System </li></ul><ul><ul><li>Custom career sites </li></ul></ul><ul><ul><li>Employee referral management </li></ul></ul><ul><ul><li>Career agents </li></ul></ul><ul><ul><li>Ad posting and tracking </li></ul></ul><ul><ul><li>Manager self-service </li></ul></ul><ul><ul><li>Contact management/Outlook integration </li></ul></ul><ul><ul><li>EEO/OFCCP compliance </li></ul></ul><ul><ul><li>Vendor Management Module </li></ul></ul><ul><ul><li>Onboarding Module </li></ul></ul><ul><ul><li>Hourly Recruiting System </li></ul></ul><ul><li>Consulting </li></ul><ul><li>SonicPerform Performance Management System </li></ul><ul><li>To learn more contact: </li></ul><ul><li>David Freeman </li></ul><ul><li>Talent Management Solutions Consultant </li></ul><ul><li>877-775-0888 </li></ul><ul><li>www.sonicrecruit.com </li></ul>
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