What metrics can we use to evaluate our talent acquisition efforts?

Metrics play a crucial role in evaluating talent acquisition efforts and measuring their effectiveness. Key metrics commonly used include time-to-fill, which measures the time it takes to hire a candidate; cost-per-hire, which calculates the total cost incurred to recruit and hire a candidate; quality of hire, which assesses the performance and fit of new hires; applicant-to-interview ratio, which measures the number of candidates shortlisted for interviews; and retention rate, which determines the ability of acquired talent to stay with the organization long-term. These metrics provide insights into the efficiency, cost-effectiveness, success, and overall impact of talent acquisition efforts on the organization's recruitment and retention goals.

This mind map was published on 28 June 2023 and has been viewed 100 times.