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19 Talent Acquisition Metrics That Should Be On Your Radar

Source | Jibe : By Mike Roberts

Although many recruiting organizations have been capturing and monitoring performance data for quite some time, it’s difficult to make truly measurable improvements without the use of benchmark data.

Benchmark data provides an objective lens through which information can be viewed and comparisons can be made. And it’s often these comparisons that drive changes in behavior, strategy, or technology needed to move the performance needle.

World-class performance isn’t unattainable, but creating a plan for getting from A to B starts with having a solid grasp on where you stand. ERE is launching a new benchmarking service, Talent Acquisition Benchmarking Services (TABS), which allows you to confidentially compare your department’s important talent acquisition metrics and key performance indicators (KPIs) against peers.

You can sign up to learn more about TABS here. And below, we’ve also shared 19 key metrics (broken up into four different buckets) you should be thinking about—the same set of metrics ERE will be providing benchmark data on through TABS.

Speed Metrics

1. Time to Fill (TTF)

Recent news indicated time to fill is at its highest in fifteen years, and the number of job openings in the U.S. has reached a new record. Time to fill measures the time required to fill a position in days, with a start date of when a requisition is approved by a business through the date the chosen candidate has completed a background check.

2. Time to Accept (TTA)

A sub-metric of time to fill, time to accept measures the time required to fill a position in days, with a start date of when a requisition is approved by a business through the date the chosen candidate has accepted the job offer.

3. Time to Start (TTS)

Another sub-metric of time to fill, time to start measures the time required to fill a position in days, with a start date of when a requisition is approved by a business through the target or actual start date of the candidate.

Read On…

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