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Talent Talk Webinar Rethinking Your Recruiting Metrics In A Down Economy
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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 …

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 support different goals and success criteria. A recording of this presentation is available at www.cytiva.com.

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