Employees are the heartbeat of every organization—that's why it's so essential to hire the very best candidates for each position you fill. If you're like most businesses, you're probably looking for ways to improve your recruitment and hiring practices. You're not alone: several metrics are often tracked, including the source of hire, time to hire an applicant to hire ratio, and while most companies use these metrics (as well as the quality of hire), they all have one thing in common—they're useless if you don't measure the quality of hire. There are many benefits to knowing and understanding the quality of hire; however, measuring it is just the first step in applying it to your recruitment process. After you measure your current score, the next step is identifying ways to improve the quality of hiring at your organization. But how exactly do you do that?
If you're looking to improve your quality of hire, knowing and understanding your current score is a good place to start. After you measure how you're doing with quality of hire, you can set goals for improvement—where do you want to be in six months, one year, or five? Making a plan will help you keep track of your activities and your results.
To improve your quality of hire, you must cooperate with the hiring managers at your organization. One way to measure the results of your quality of hire efforts is to assess the correlation between the quality of the candidates being hired and the effectiveness of the recruitment methods and strategies used to hire them. For example, if you're using social media channels to attract candidates, you may want to consider tracking the quality of those candidates and their performance in the role.
Data can help companies make better recruitment decisions. When you're analyzing the data you're using to make these decisions, you should remember that metrics are merely a means to an end—what you want to do is to make a difference in the business through your recruitment efforts.
If you want to improve the quality of hire, you also need to be transparent. Transparency leads to better recruitment practices and better hiring, which leads to a better quality of hire. Unless you're transparent about your recruiting metrics, it's impossible to improve them.
Quality of hire can also be improved by providing training for hiring managers and recruiters. By providing training for recruiters, you can ensure that the candidates you select are highly qualified for the positions they're applying for.
Recruiters can also benefit from using Applicant Tracking Software, allowing companies to manage the recruiting process more efficiently and effectively. By using ATS, organizations can identify top candidates more quickly, improve candidate engagement and make smarter, data-driven hiring decisions.
To improve the quality of hire, you need to keep your recruiting strategies and tactics on track—and one of the best ways to do that is through the quality of hire metrics. You can measure the quality of hire in various ways, such as interview scores, personality tests and scores, skills tests and scores, background checks and scores, reference checks, and so on. By measuring your quality of hire, you can identify the recruiting tactics that work best for your organization and tailor your recruitment strategy to meet your goals.
Kandi offers expertly-written assessment tests to help companies discover the best talents to work with. Check out our tests today to see what we have for you to test your candidates with!