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Why Are Recruiting Metrics Important for Hiring?
According to our strategic hiring survey, 29% of businesses say that a lack of data-driven hiring practices is a major challenge in their recruiting strategy. Recruitment metrics empower you to make more data-driven decisions that optimize your hiring process.
Making the wrong hire can be costly, through lowered performance and the cost of hiring a replacement down the road. The U.S. Small Business Administration (SBA) notes that hiring a new worker costs around 1.25 to 1.4 times the base salary. A slow hiring process can also come at a cost as the role