The Relevance of Recruitment Metrics

We all know how important the human resource department of any existing company is. This is because this department has many functions and roles to play that are of equal importance when it comes to the overall operations of the business itself. And one of these many functions is recruitment. Truly, recruitment should be on top of the list of functions and roles because it is indeed the department that is responsible for recruiting the primary assets of the company: its workforce.

For a company to make sure that their human resource department is indeed efficient when it comes to recruitment and selection, there would definitely come a time to employ recruitment metrics. This way, the performance of the human resource department can be evaluated accordingly, especially when it comes to recruiting people for its workforce.

With recruitment metrics, you can then demonstrate the actual value of the whole recruitment process and function that is currently being employed. It is quite hard to quantify this aspect of recruitment, but with the help of metrics, this becomes very possible. Metrics can also help the department supply a vivid picture or description of the costs that the recruitment process is incurring, as well as the expected and actual outcomes from these costs. This way, the department can see for itself if the money shelled out is indeed used for its own good. The implementation of metrics can also give the department a picture of how the whole company or organization has changed over time. The volatile environment of the business world actually demands changes to be employed by the human resource department accordingly. What’s more, these changes also come with different impacts on the organization as a whole. These changes and impacts are exhibited vividly through recruitment metrics. Costs can then be managed, and productivity can then be analyzed. Lastly, potential risks can then be identified, evaluated, and dealt with accordingly.

Recruitment metrics were once more focused on factors that involved time and cost. Yes, these factors are still included in the typical framework of recruitment metrics that a lot of companies use today. But there are actually a number of additional factors used in today’s framework. Looking at time and cost, you can easily say that these comprise the quantitative aspect of recruitment metrics. Today’s framework, though, has included a qualitative aspect, composed of productivity, retention, efficiency, and candidate performance that is used when considering post-hire options. By including both quantitative and qualitative aspects in recruitment metrics, you do not just ensure quality performance from your workforce. You also ensure customer satisfaction, which should be one of the primary goals of any business.

Measures should then be balanced in these certain areas: quality, time, cost, and satisfaction. In measuring these aspects, there are a number of procedures conducted, which would include procedural questions as well. In answering these questions, it is very important for you to be impartial. This way, you can view the returns of investments of recruitment in a broader perspective, and you can then evaluate if the perceived benefits are indeed being enjoyed by everyone in the organization.