Look at the metrics most recruiters track below and tell me which ones are truly important.
- Time to fill;
- Number of applicants;
- Number of job offers;
- Cost per hire;
- Time to start;
- Source of hire;
- Applicant satisfaction;
- Who did the hiring;
- Quality of hire.
The one metric that really matters
Only one of these really matters: Quality of hire. Two others, however, are important to building a better system:
- Source of hire (so you know best where to spent your recruiting time and money).
- Who did the hiring or controlled the selection process (so you know who is best a picking winners)
All the rest are nice to know, but what good is it to fill a position quickly or attract a lot of applicants when the wrong person gets hired?
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This was originally published on Mel Kleiman’s Humetrics blog.