Management guru Peter Drucker once said, “what gets measured, gets managed.” In recent years, the need for data and analytics has reached its way into the field of recruiting often with fortune 500 companies having a whole sub-department within HR dedicated to providing people and recruiting metrics. Measuring and monitoring these numbers helps a business understand the talent market and landscape relative to their overall operations.
What are recruiting metrics?
Recruiting metrics are ways to measure hiring success and also to optimize your recruitment funnel. When analyzed correctly, they help talent organizations to evaluate the effectiveness of recruiters and the