How to Measure the Effectiveness of Recruitment and Selection?
- Time to Hire: Measure the time taken to fill a position from the initial job posting to the candidate's acceptance of the offer. - Cost per Hire: Calculate the total cost involved in the recruitment process divided by the number of hires. - Quality of Hire: Assess the performance and productivity of new hires over a period of time. - Employee Turnover Rate: Monitor the rate at which employees leave the organization to identify potential issues in the recruitment and selection process. - Candidate Experience: Gather feedback from candidates about their experience during the recruitment process to identify areas for improvement.