KPI's or Key Performance Indicators are measurement of performance for companies used to evaluate and define how successful it is. Key areas of measuring the Recruitment KPI's can be seen below: 1. Recruitment costing KPI
- Recruitment costing per position.
- Recruitment costing per position per channel
- Average sourcing cost per hire Average sourcing cost per hire. Sourcing costs include advertising, referral and agency
2. Recruitment time KPI- Average time to recruit. Calculating from date of recruitment require to date of employee hired.
- Average time to recruit per position.
3. Recruitment source KPI- Number of CVs / per channel
- Recruitment source ratio. Ratio between internal versus external recruits.
4. Selection KPI- Average number of interviews from submitted resumes. Track the number of converted submitted resumes to interviews.
- Number of qualified candidate compared to resumes.
5. Recruitment efficiency KPI- % recruitment achievement meet hiring plan
- % new hires achieving 6 months service
- % new hires achieving 12 months service
- % new hires achieving satisfactory appraisal at first assessment
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