Are you having trouble finding qualified candidates for your talent pipeline? You’ll be happy to know you’re not the only one. The Labor Department reported a record all-time high of 6.6 million job openings earlier this year, affecting about 50% of U.S. employers.
That means that employers across all industries are scrambling to snag the best candidates before their competitors do, and about 45% of employers are worried they won’t be able to find employees with the right skills. Hiring metrics are essential for revamping the recruiting process and hiring the best talent, especially during a talent shortage.
Now that we’ve talked a little about why hiring metrics are important, you might be wondering exactly which hiring metrics can help you measure the quality of your recruiting process. In the spirit of the holiday season, we thought it would be helpful to share our top-shelf list of effective metrics:
After tracking these hiring metrics, you should have a much better sense of the strength of your recruiting process. Video interviewing software can help you revamp your hiring process if it’s not quite as successful as you want it to be. Meet with an expert to learn more about measuring and enhancing your hiring process and landing that next hire.
Drew Whitehurst is the Content & Implementation Specialist at interviewstream. He's been with the company since 2014 working in client services and marketing. He is an analytical thinker, coffee enthusiast, and hobbyist at heart.