company processes Hiring process ensures- Right people in right place doing at right times doing the right things
Why Evaluation??
Common practice, preventive step
War for talent heating up Up to date hiring practices To avoid future crunches
Can you really identify if you want a long-term
relationship with someone by a single date? Or can you tell which actor to cast in a play by looking only at their photo?
Hiring Process Assessment Metrics
Time to fill the position Total days to fill a vacancy / Total number of hires Vacancy rate (Number of positions vacant / total number of positions) Understaffing: Identify which departments are facing the most difficulty
Hiring Process Assessment Metrics
New hire retention rate (No. of new hires present / Total number of new hires) x 100 Turnover rate (Number of new hire leaving / Total number of new hires) x 100
Hiring Process Assessment Metrics
Quality of new hires Post-hire Tracking performance of new hires against other employees in similar positions (Average performance score of headcount within 01 years of services/Average performance rating of total headcount [exc. temp staff]) set performance benchmarks measures the return on investment Identifies training needs and development
Hiring Process Assessment Metrics
Recruitment-cost ratio Total cost incurred during recruitment process/ Total Hires Helps the organization to justify costs and seek new opportunities to cut costs
Hiring Process Assessment Metrics
Selection ratios Number of people hired/ total number of applicants Defines the success of recruitment strategy Very small number unable to attract the right people unproductive hiring
Number closer to 1 Unable to attract enough applicants
lead to failure in hiring process
Overpromised and under delivery Information not conveyed properly by company to the external recruitment team Shortcomings on the part of recruitment team