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Improving each stage of the recruiting lifecycle, including candidate sourcing, engagement, and conversion, is critical for small- and medium-sized businesses (SMBs) like yours to grow.
Before you adjust your recruiting strategy, identify key data related to your short- and long-term hiring efforts that matter most to your growing business. Even in a smaller company, having the people, processes, and technology to monitor these recruitment and hiring metrics is essential.
Let’s review the basics of recruiting metrics, tips for collecting data, and useful recruiting benchmarks to track and explore.
What are Recruiting Metrics?
Recruiting metrics are data points used to track business recruitment and hiring success. They cover various aspects of the hiring process, from time to fill to cost to hire, allowing you to track the effectiveness of your business’s recruiting efforts—how efficient hiring is and whether you’re hiring the right people for your open roles.
Why Tracking Recruiting Metrics Matters
No matter how many people you need to hire or your business’s challenges, ensure you use data-driven insights to guide your hiring efforts. Recruiting metrics enable you to determine whether you’re engaging and onboarding job seekers effectively or if you need to adjust your approach.
Tracking talent
