Time to hire, widely known as TTH, this is one of the most crucial metrics used by recruiters. The quicker a candidate moves through your recruitment process, the better your candidate experience will be. So faster is better.
Sure, all that sounds good, but most recruiting firms do not use TTH in the right way. While you might be aware of your TTH, have you ever dug deeper?
The time to hire value on its own is of very little help. To utilize the information and optimize your recruiting processes, you need to break it down to smaller action items like time to phone screening, time to a face-to-face interview, time to offer, etc.
When you evaluate every step of the TTH process, both on the individual and aggregate level, you can see where the process is broken or needs help.
And it’s important to look at all of these steps on both an individual and aggregate basis when building a data-driven recruiting strategy. This information will help you identify inefficiencies in your process and opportunities to improve TTH. Once you’ve identified your “problem areas,” you can investigate the source of the slowdown and take focused action to remove blockers.
Spotlight’s Open Searches dashboard allows you to see the complete TTH breakdown along with Active searches by AE by stage, Longest active searches, and much more. Contact us for a demo today.
KEYWORDS: Staffing analytics,Revenue analytics,Predictive staffing,Predictive Recruiting,Business Intelligence for Staffing ,Business Intelligence for Recruiters,Business Intelligence Dashboard,Revenue Intelligence Dashboard,Analytics for staffing industry,Data analytics for staffing industry,Big data for staffing industry,Dashboard BI,BI Tool for staffing,BI Reporting Tool,Data Analytics Reporting Tool,BI Dashboard,Metrics and KPI,Data Analytics,Big Data,Why is Data Analytics important,Big data software for staffing industry,Alternative to Microsoft Power BI,Sales Analytics,Performance analytics,Visual report generator
Inside sales management,Effectiveness and efficiency,Effectiveness vs efficiency,Sales Dashboard,Forecasting tool,Win rate calculator,Hire rate calculator,Grow company,Staffing Metrics
Hiring Metrics
I am the owner of the Article.
Source: https://www.spotlightdata.co/2020/02/the-problem-with-time-to-hire/