Track the percentage of candidates who accept job offers. A high acceptance rate indicates that your hiring process is attractive to top talent.
Calculate the total cost of hiring a new employee, including salary, benefits, and recruiting expenses. A low cost per hire suggests that your recruitment efforts are efficient.
Monitor the diversity of your workforce by tracking employee demographics such as age, gender, race, and ethnicity. A diverse workforce is more innovative and productive.
Track the number of employees in your organization. This metric helps you plan for future growth and ensure that you have the right number of people in place to achieve your goals.
Measure the percentage of new hires who leave the company within the first year. A high new-hire turnover rate suggests that your hiring process is not identifying the right candidates or that your onboarding process is inadequate.
Track the number of days it takes to fill a vacant position. A short time to hire suggests that your recruitment process is efficient and that you are able to quickly find and onboard new talent.
Measure the number of weeks it takes for a new hire to become fully productive. A short time to productivity suggests that your onboarding process is effective and that new hires are able to quickly adapt to their new roles.