Four For Friday: How Do You Measure Your Recruiting Success?
Many HR and recruiting experts have proclaimed that we have entered the age of HR analytics. Recent studies show this to be the case, yet there is still a lot of confusion about how to measure HR data, especially when it comes to recruiting.
This leads us to a very important question: How do you measure your recruiting success? Every organization and team can measure things differently, which adds to the confusion. The articles in this week’s Four For Friday explore various ways your team can take a data-driven approach to recruiting.
The Next Generation Of Recruiting Benchmarking Is Here (Rob McIntosh/ERE)
“For the last year I have been locked away in my basement working with some very smart people on some very complex challenges and I am very proud to announce that we now have a solution that helps recruiters and TA executives use data to help influence that change,” says Rob McIntosh, Chief Analyst at ERE. What is this solution? “A free and subscription-based recruiting benchmarking solution using real data out of companies’ applicant tracking systems.” Check out Rob’s post on the ERE blog to learn more and sign up!
Why HR is Becoming A Numbers Game (The Economist)
This is the year that HR becomes digital and the use of analytics in HR will become mainstream. “In fact, according to the biannual HR Outlook of the Chartered Institute of Professional Development (CIPD), some 92% of HR respondents say that they are already using HR analytics to some degree, with over three-quarters of them stating that this is boosting their ability to contribute strategically.” Learn more in this post by The Economist Intelligence Unit.
The Way You Are Measuring Recruitment Data Is All Wrong (CareerBuilder)
“The simple fact is that most metrics are built around the hire: How quickly have we done it, how cheaply have we done it and how many open vacancies do we have left? These are great — if you want to know about the efficacy of a recruitment team to follow a piece of string. But do they really tell you the effect you’re having on your business,” says Neil Morrison, Group HR Director, UK and International Companies at Penguin Random House. Learn how to better measure your recruiting data in his post on the CareerBuilder blog.
Analytics Gone Wild – Increase In Talent (Tim Sackett)
“We are losing our minds with data and analytics right now. Just because you can measure something, doesn’t mean you should measure something,” says Tim Sackett, President at HRU Technical Resources. Tim goes on to explain how he would go about measuring HR and recruiting success. Check out his post on the Fistful of Talent blog.
Interested in recruiting analytics and the future of big data in talent acquisition? Sign up for the Data Driven Recruiter blog.