Recruiting employees is vital to the success of your business, but it can be difficult to focus your efforts. Recruitment software can help your business analyze data to produce the best results.
Leveraging the power of data can improve your recruiting process exponentially. It doesn’t replace your people skills; it focuses your efforts in the right direction to find the best job candidates.
Read on to learn the benefits of data driven recruiting.
Measure Effectiveness of Job Postings
No matter how much effort you put into writing the perfect job posting, you have no guarantee that it will attract the intended target.
Your recruiting software can help by keeping track of the applicants for each job. Once you know where your quality leads are coming from, you can focus more of your recruiting efforts in that direction.
Cost of Hire
Having accurate data on hand can help control the cost of hiring new employees. Advertising is not the only factor to consider. Don’t forget the cost of how many hours it takes to locate, interview and onboard new employees.
You may need to increase or decrease your job advertising budget. You can determine how large a pool of applicants you need to produce each hire and adjust accordingly.
Time to Hire
The sooner you can fill job vacancies, the more your business will run at peak efficiency. Data driven recruiting can allow you to track the email exchanges between recruiters and job prospects.
This allows you to analyze your process and streamline the communications pipeline. If the hiring process is taking too long, the data can help you discover what is causing the bottleneck.
Data driven recruiting also helps you to analyze the hiring process to ensure efficiency and compliance.
By using a consistent set of interview questions and assessment tests, you can bring in right job candidates while making sure you are following anti-discrimination laws.
Some of the best data you can collect is feedback from the candidates themselves. They can rate the user-friendliness and effectiveness of your hiring process and make helpful suggestions for improvement.
Collecting data can be essential to solving your hiring problems. If you have trouble finding qualified candidates or if the process simply takes too long, the data can point out what is going wrong.
The data can also help you avoid low job acceptance rates or high turnover among new hires. Incorporating data into an overall hiring plan will ensure that new hires will remain effective and help you achieve your long-term business goals.
Determine the Data with Top Echelon
Top Echelon Software has all the tools you need to track the cost, time, and sources of your new hires. You will have ample data to analyze your hiring process and make it more effective.
Top Echelon is simple to use and incorporate with your company’s current practices and recruiting strategy. It can help you streamline the hiring, onboarding, and compliance processes while producing useful data that can benefit your company in the future.