HIRING INDEX
Measure of hiring aspects
It refer to a variety of metrics or indices used to measure or assess different aspects of the hiring process, such as time-to-hire, candidate satisfaction, or hiring effectiveness.
Hire Faster
Assess Skills not
Resumes
Increase Diversity
Enterprise Security
Time-to-Fill
Measures the speed or efficiency of the hiring process by calculating the average time it takes to fill a job vacancy from the initial job posting to the candidate’s acceptance of the offer. A shorter time-to-fill is generally desired as it reduces the recruitment cycle and minimizes the impact of unfilled positions on the organization.
Quality of Hire
Assesses the effectiveness of the hiring process by evaluating the performance and suitability of new hires. It typically involves tracking metrics such as employee retention rates, productivity, and performance reviews. A higher quality of hire indicates that the recruitment process is successfully attracting and selecting candidates who are a good fit for the organization.
Cost per Hire
Quantifies the financial investment associated with the hiring process. It considers various expenses, including recruitment advertising, agency fees, background checks, and onboarding costs. By calculating the cost per hire, organizations can evaluate the efficiency of their recruitment budget and identify potential areas for cost optimization.
“In previous years, students needed to wait in line for hours to get a chance for a 5 minute interview. Now, we bring iPads to Career Fairs, students simply need to answer 2-3 general questions, and we follow up with relevant job opportunities. With VeriKlick, we can consider every interested student, not just those who get in line first.”
— Queenie Tsang, Assistant Employer Branding and Talent Community Manager, Cathay Pacific
Close the student communication gap.
— Queenie Tsang, Assistant Employer Branding and Talent Community Manager, Cathay Pacific