Welcome to another edition of the skeeled.com blog.
This week we are going to look at some crucial metrics in recruitment processes, and the issues that can arise in the overall modern recruitment process.
- Time to Hire: The time it takes to hire a new employee is growing ever longer. This can stem from a number of factors such as a lack of qualified candidates for the role, candidates not accepting contract offers, or worse still opting to go with another company instead! Companies with excellent on-boarding and candidate management processes can get new hires up to speed faster, so looking at the length of time it takes to hire new personnel is crucial if you want to attract the top talent.
- Candidate Sourcing: Where do you advertise your vacancies? Job boards? Newsletters? Social Media Channels? There’s a cost associated with advertising via these channels, so which one offers the most qualified candidates over the shortest period of time? It’s all too easy nowadays for non-qualified candidates to just click “Apply Now” without giving much regard to your requirements, thus wasting the recruiter’s time screening dozens of CVs that are not suitable to the role.
- The Cost of Hire: The longer it takes to hire a new person for a vacant role, the more it costs! It’s a simple factor that’s often ignored, and considering the costs involved in advertising your vacancies, paying external recruitment agencies, the time involved in screening CVs and interviewing candidates… It all adds up! Making changes to your recruitment processes that makes it shorter and more cost efficient to fill your vacancies will save you a lot of time, and money, in the long run.
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