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What Metrics REALLY Matter? | Talent Connect Vegas 2013

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In this session from Talent Connect Vegas 2013, Ingram Micro's Director of Talent Acquisition shares how recruiters should be measuring success.

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What Metrics REALLY Matter? | Talent Connect Vegas 2013

  1. 1. What Metrics REALLY Matter? Greg Hauser Director, Talent Acquisition Ingram Micro @greghauser
  2. 2. Today’s workshop  Evolution of Recruiting Metrics  Basics of Metrics  Group Discussion  Determine what data to analyze - What matters most to my Executives, HR Team, Recruiters?  Develop a standard template / Scorecard #intalent
  3. 3. Where it all began…… Since the famous statement "What is not measurable make measurable" of Galileo Galilei (1564 -- 1642) it has been a major goal in science to quantify observations as a way to understand and control the underlying causes. #intalent
  4. 4. Basics of Metrics Types: Historical, Real time, Predictive Keys to success: 1. Reliable  Data must be “true” or accurate and validated over time 2. Actionable  Reports must be detailed enough to take action  Group data so it is relevant and meaningful 3. Scalable  The process of collecting and analyzing data must scale  Your outputs must be useful for people at all levels 4. Understandable  People must be able to visualize and understand what you find  Line managers, executives, and employees must use the data #intalent
  5. 5. Identify Focus Areas  Quantity  Efficiency  Quality  Diversity  Source #intalent
  6. 6. Identify Measurement  Quantity = Number of Hires  Efficiency = Time to Fill, Acceptance Ratio  Quality = Turnover Rate, Survey Feedback  Diversity = % of Diverse Hires  Source = Most Effective Source of Hires #intalent
  7. 7. Create A Standard Template Focus Area Quantity Efficiency Quality Internal Mobility Measurement Exempt No. of Hires Non-Exempt Total Time to Fill (Days) Exempt Non-Exempt Acceptance Ratio (Accepts/Offers) New Hire Turnover - Less than 6 months - Less than 1 year Satisfaction Survey (1 = strongly New Hire disagree; 5 = strongly agree) Hiring Manager Q1 2013 Q2 2013 Total / Average % Hires - Internal % Hires - Minority Exempt Non-Exempt Total Diversity % Hires - Female Exempt Non-Exempt Total Source Job Board Recruiter Sourced Employee Referral Company Website Internal Candidate Additional Sources #intalent
  8. 8. Build onto Standard Template Focus Area Measurement Recruiter 1 Recruiter 2 Q1 14 12 29 7 0 2 4 Total 12 14 14 33 1 3 7 11 Non-Manager 11 11 7 22 Exempt Efficiency 5 Manager Time to Fill (Days) Q2 Non-Exempt No. of Hires Q1 Exempt Quantity Q2 74 85.07 79 58.66 Non-Exempt 63 0 7 24.75 Manager 76 52.33 62.14 62.64 Non-Manager 66.64 94.00 72.57 50.50 92.3% 100.0% 100.0% 97.1% - Less than 6 months 0.00% 3.03% 3.03% 0.00% - Less than 1 year 0.00% 0.00% 0.00% 1.41% New Hire N/A N/A N/A N/A Hiring Manager N/A N/A N/A N/A 42% 36% 36% 33% Acceptance Ratio (Accepts/Offers) New Hire Turnover Quality Satisfaction Survey Results Internal Mobility Source % Hires - Internal Job Board Linked-In Job Posting 12% Simply Hired Indeed 8% Other Job Board 8% 7% 21% 21% 8% 14% 14% 7% 14% 3% 42% 36% 36% 33% Company Website Internal Candidate 9% 29% Recruiter Sourced Employee Referral 6% #intalent
  9. 9. Evaluate ROI User Recruiter 1 Recruiter 2 Recruiter 3 Recruiter 4 Recruiter 5 Total / Avg for period: Days Visited Job Posts Searches Performed Profiles Viewed InMails Sent InMails Accepted InMails Declined 22 2 25 110 28 7 9 0 10 17 0 0 10 7 20 11 0 0 17 1 62 284 26 14 55 0 58 329 162 45 113 10 175 751 216 66 0 0 0 0 4 4 InMails Response Rate (%) Jobs Open 25 0 0 53 27 24 1 0 4 0 0 5 InMails Response Rate (%) 60 50 40 30 InMails Response Rate (%) 20 10 0 Recruiter Recruiter Recruiter Recruiter Recruiter 1 2 3 4 5 InMails Sent 180 160 140 120 100 InMails Sent 80 60 40 20 0 Recruiter 1 Recruiter 2 Recruiter 3 Recruiter 4 Recruiter 5 #intalent
  10. 10. Fish in a Barrel - Predictive Analytics! Rock Stars! High Potentials Promotable Target Recruiting Source #intalent
  11. 11. Group Discussion Topics  What metrics do you currently have?  What are your focus areas?  What are you measuring?  What will you take away from this discussion?
  12. 12. Q&A

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