Recruiting metrics are important in any data driven hiring techniques. In Dubai, job seekers from all over the world are in great need. To fulfill this demand, Dubai has some of the best recruitment agencies that makes the recruitment process more efficient. AccelHR and Adecco Middle East are the leading recruitment agencies in Dubai. Let’s have a look at some of the essential recruiting KPIs. Try This Website to Leading Agencies Recruiting for Dubai.
What are recruiting KPIs?
Your hiring process’s effectiveness can be determined using recruiting KPIs. KPIs make use of data and let you assess your progress toward your recruiting objectives. Time and money are precious and KPIs help you figure out the right place you should invest them in.
Essential Recruiting KPIs
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Time to interview:
- It is the time span between announcing an open position to the first meeting. Time to interview is about how fast the application process is. A quick invitation would speed up the application process. Try This Website to Leading Agencies Recruiting for Dubai.
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Time to fill:
- It is the time period between running of the job advertisement to finally hiring a new candidate. It shows how long it may take to fill positions. It is also helpful to look at the number of people who clicked on the job advertisement. Time to fill is a good indicator of how fast the hiring teams are operating. Knowing how much time it takes to hire will help you start your recruitment campaign at the right time to find the perfect candidate for the job. Try This Website to Leading Agencies Recruiting for Dubai.
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Rejection rate:
- Rejection rate refers to the percentage of people that applied for the job but are rejected. This might be because the aspiring applicants failed to meet the minimum requirements you have set for the job. Rejection rate helps to evaluate if your job offer is reaching the right people or not. It is the key feature that tells you how effective your job advertisement is. A good recruiting system helps to evaluate the rejection rate and the reasons behind it almost instantly.
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Channel effectiveness:
- Channel effectiveness indicators tell you which recruiting channel will bring the most success.
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Quality of hire:
- This refers to the overall performance of a hired employee within the first year. It provides information about the work performance and the amount of success the newly hired employee brings to the company. Quality of hire helps to draw final conclusions about the quality of recruitment. Quality of hire is certainly the most important metrics to track. Try This Website to Leading Agencies Recruiting for Dubai.
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Candidate satisfaction:
- It is important to know whether your candidates are satisfied with the application process or not. This would lower the chances of them dropping out in frustration. Satisfaction of the candidates will help in your company’s success. You can ask applicants to review their experiences on feedback forms. This will help you figure out the problems going on in your recruiting process and the things you need to fix.
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Early fluctuation:
- It refers to the number of employees that leave the job shortly after getting hired. This might mean that the company will have to start the recruitment process again after fixing the problems.
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Cost per hire:
- This refers to the total cost of hiring a candidate for a job. It amounts to the average cost for the different roles in your company. The recruitment process is more efficient if the cost per hire is low. To calculate the cost per hire you can divide the total amount spent on recruiting annually by the total number of candidates you have hired. The goal of most companies is to reduce the cost per hire but make sure you don’t compromise on the quality of hire. Try This Website to Leading Agencies Recruiting for Dubai.
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Cost of vacancy:
- The calculations for cost of vacancy depends on the assumption that the employee has a share in the company’s turnover. Cost of vacancy shows the importance of filling a specific position and what is costs if that position remains vacant.
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Offer acceptance rate:
- Acceptance rate refers to the percentage of candidates who accepted a job offered to them. However, recruitment is not a one-way process. However, a low acceptance rate might mean there is some problem with the recruitment process. In that case, the company should find out what the problem was and try solving those problems so the candidates would be more attracted to the job offer. Try This Website to Leading Agencies Recruiting for Dubai.
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Number of open positions:
- Total number of positions can be compared with the number of open positions. This will help you in determining how successful your recruiting process is. A small number of open positions suggest there is a high demand for a certain position.
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Hiring manager satisfaction:
- Just like the candidate satisfaction is an important KPI, gauging the satisfaction of hiring manager is of equal importance. It indicates how satisfied the hiring managers are with the current recruiting process. You can measure the hiring manager’s satisfaction by a brief interview or a survey. Try This Website to Leading Agencies Recruiting for Dubai.
Conclusion:
The company has to decide for itself what suits them the most. Widening the KPIs depending on what you are working on might also be helpful. Tracking KPIs helps you make better decisions. Try This Website to Leading Agencies Recruiting for Dubai.
