There are several ways to measure the quality of recruitment, including:
Time to fill: This measures how long it takes to fill a position, from the time the position is posted to the time an offer is accepted. A shorter time to fill indicates more efficient and effective recruitment.
Offer acceptance rate: This measures the percentage of offers that are accepted by candidates. A higher acceptance rate indicates that the company is successful in attracting top talent.
Retention rate: This measures the percentage of new hires who remain with the company for a certain period of time. A higher retention rate indicates that the company is successful in retaining top talent.
Cost per hire: This measures the total cost of recruitment divided by the number of hires. A lower cost per hire indicates more cost-effective recruitment.
Quality of hire: This measures the fit of a new hire in terms of skills, experience, and cultural fit. A higher quality of hire indicates that the company is successful in recruiting the right candidates for the job.
Which is the most important to you? What about diversity in recruitment, is this something you consider part of achieving quality outcomes? Do you measure something else, like Candidate experience?
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