The 2015 sales strategy is probably already on the books but have you thought much about your hiring strategy for the next year? Hiring is often a reactionary response to trouble in the office and problems that need to be solved. However, recruiting has its own set of metrics that you should take into account when making hiring decisions which can help you prepare your hiring process for the year. Here are a few to keep in mind.
- Recruiting sources. Do you know where your company finds your most successful candidates? Do you use the traditional job boards to advertise your openings or have you turned to social media? Take a close look at what sources are producing the most qualified candidates and let go of the ones that just waste time and money.
- Recruiting time. From the time you first post an ad about your open position, how long does it take you to make a job offer? If your hiring process is taking too long, you may risk losing good candidates who take other offers. If it is too quick, you may be hiring the wrong person and need to start the process over. Make sure your process is effective and consistent.
- Turnover rates. How many people left your company in 2014? What was their total length of employment before leaving? Did you have to terminate anyone? Why? What are the reasons people give your company for quitting? Track all of the information on company turnover so you can better prevent it or making better hiring choices to encourage loyalty.
- Application rates. During your search for new employees, how many resumes do you receive? How many of those people were contacted? How many of the people you contacted were invited to an interview? Only one person can get the job, but you can learn a lot about your hiring process by looking at the numbers.
Do you want to know more about hiring metrics and how to use them to your advantage? Contact CornerStone Staffing Agencies in Arlington, TX to learn more!
