HRExecutive

JANUARY 17, 2024

Moving too quickly to hire, however, could end up costing more in the long run if an organization does not get the right talent in the door. After breaking down cross-industry benchmarking data on cycle times for hiring, we’ll review three broad areas where you can focus as you work toward an optimal cycle time for your organization.

AI Recruiting 124

AI Recruiting Hiring Software Recruiting Software Hiring 124

Sterling Check

SEPTEMBER 23, 2022

Businesses Can Address Hiring Challenges by Leveraging the HR Tech Stack. As businesses across industries continue to navigate a rapidly-evolving hiring landscape, the challenges facing HR professionals seem more pronounced than ever. The Time to Invest in Technology is Now.

Hiring Software 83

Hiring Software Staffing Software HR Software Planning Tools 83

Recruiters Lineup

MARCH 17, 2023

These tools can help you streamline your recruitment process, improve candidate engagement, and ultimately, reduce your time-to-hire. You can do this by engaging with them on social media, attending industry events, and offering valuable content, such as white papers or webinars.

Hiring Software 93

Hiring Software Recruiting Software Staffing Software Planning Tools 93

Analytics in HR

JULY 20, 2020

Time to hire is one of the best-known recruiting metrics. In this article, we will explain what time to hire is and how it differs from time to fill. We will also list time to hire benchmarks, explain how it can be measured, and end with the five most effective ways to reduce time to hire.

Hiring Software 115

Hiring Software Hiring Metrics Recruiting Software 115

LiveHire

NOVEMBER 30, 2021

Industry thought leader Josh Bersin has written extensively on the topic of HR technology and the gradual migration from ‘systems of record’ to systems of engagement and experience. How can you leverage Direct Sourcing to reduce your time-to-hire for contingent staff? The best talent is always in high demand.

HR Software 95

HR Software Hiring Software Staffing Software Recruiting Software 95

Business Management Daily

FEBRUARY 26, 2024

That means your job applicants call the shots, so you’ll have to cater to their needs if you want to recruit top talent in your industry consistently. In that case, you’ll need to provide things like hybrid work schedules, plenty of paid time off, and competitive average salaries.

HR Planning 98

HR Planning HR Software Hiring Software Retention and Turnover 98

Hireology

NOVEMBER 24, 2020

Businesses were shuttering their doors or reducing headcounts across every single industry. Applicant to hire conversion rate. What is the average number of applicants needed to make one hire? Time to hire. Cost per hire. How much does it cost to hire a new employee? Labor costs.

Recruiting Software 92

Recruiting Software Hiring Software Aptitude Tests Assessment Software 92

Workable

MARCH 29, 2016

This time we look in more detail at “time to hire.”. We have looked in detail at the KPI time to fill (number of days between publishing a job and making a hire) which is the critical metric for realistic business planning. Recruiting KPI #2: Time To Hire. Benchmarking time to hire.

Recruiting Software 90

Recruiting Software Recruitment Hiring Software Hiring 90

Analytics in HR

OCTOBER 1, 2024

Time to hire Time to hire refers to the length of time between a candidate applying for a position and accepting an offer. Time to hire Time to hire refers to the length of time between a candidate applying for a position and accepting an offer.

Metrics 52

Metrics Retention and Turnover Hiring Software Staffing Software 52

Precheck

DECEMBER 16, 2019

I recently attended a Healthcare Talent Symposium with a group of organizational leaders in the healthcare industry and had the unique opportunity to hear from both speakers and participants about their most significant concerns, challenges and struggles in talent acquisition today. Bryan Barajas Marketing Director.

HR Planning 59

HR Planning Workforce Planning Planning Tools HR Software 59

Analytics in HR

OCTOBER 20, 2023

What to include in the report An effective recruitment report should include the following: Recruitment metrics: Detailed data on recruitment metrics and key performance indicators (KPIs) in a given period, such as the number of job openings, time to hire , cost per hire , and quality of hire.

Report 89

Report HR Planning HR Software Hiring Software 89

Sterling Check

SEPTEMBER 27, 2018

Today’s contingent workforce includes highly skilled specialists and consultants that can be found in nearly every industry. Large corporations are continually hiring more flexible, contingent workers to fill their staff. Each year, SIA recognizes a unique set of leaders who are impacting the staffing industry.

Staffing Software 41

Staffing Software Hiring Software Onboarding Software AI Recruiting 41

Pingboard

JULY 7, 2021

Human Resources metrics (which we’ll refer to as “HR metrics”) are benchmarks that allow you to measure how well your HR initiatives are performing and how they contribute to the overall success of your organization. Time To Hire. Time to hire is the average number of days it takes to fill an open position.

Metrics 52

Metrics Hiring Software HR Software HR Planning 52

Sterling Check

SEPTEMBER 26, 2018

Today’s contingent workforce includes highly skilled specialists and consultants that can be found in nearly every industry. Large corporations are continually hiring more flexible, contingent workers to fill their staff. Each year, SIA recognizes a unique set of leaders who are impacting the staffing industry.

Staffing Software 40

Staffing Software Hiring Software Staffing Onboarding Software 40

Gem Blog

JULY 5, 2022

This month we’re celebrating Yext for their time-to-hire. The average number of days to hire for our customers in Q1 of 2022 was 35, while Yext saw a 27-day average—8 days shorter than the industry benchmark.

Industry 52

Industry Hiring Benchmarking 52

Peoplebox

SEPTEMBER 27, 2024

Align the timeline with the urgency of the role and the business’s operational needs, ensuring there’s enough time for thorough candidate evaluation while preventing delays. If you’re hiring for niche roles, consider specialized job boards or attending relevant industry events and career fairs.

AI Recruiting 52

AI Recruiting Recruiting Software Planning Tools Hiring Software 52

Oracle HCM - Modern HR in the Cloud

MARCH 15, 2019

How do your investments stack up to other businesses in your industry? The Oracle Value Realization Program regularly works with customers to understand the value of their implementations and then benchmark against their results. Are you achieving the desired benefit from your Oracle Cloud investments?

Oracle 75

Oracle Benchmarking Report Hiring Software 75

Bayzat

FEBRUARY 7, 2024

Here’s how: Enhanced Talent Acquisition and Management HR tech solutions streamline recruitment processes, from sourcing candidates to onboarding, reducing time-to-hire, and ensuring the right fit for roles. Bayzat’s success transcends individual companies, setting a benchmark for HR innovation in the UAE.

HR Software 52

HR Software Hiring Software Onboarding Software Recruiting Software 52

LiveHire

JUNE 8, 2021

Why use a Talent Cloud for Contingent Hires? When effectively leveraged, Talent Clouds can drive a range of worthwhile results, from better fit for role applicants to a faster time-to-hire or time-to-submit to delivering a superior candidate experience. Using a Talent Cloud to compliment your employer brand.

Talent Experience 40

Talent Experience HR Software Hiring Software Staffing Software 40

HRExecutive

NOVEMBER 18, 2024

New hire retention is a measure that organizations often use to assess the strength of their recruiting process. Given the impact that poor new hire retention has across the business and the collective effort that is needed to keep it strong, this is a measure that should be on everyone’s dashboard.

Retention and Turnover 120

Retention and Turnover Hiring Onboarding Data 120

Analytics in HR

AUGUST 16, 2022

Many factors can affect your time-to-fill rate, including supply and demand for the specific role and the speed of your recruiters. Time to hire. Essentially, time to hire tells you how long it takes for a candidate to move through your entire hiring process. Offer acceptance rate.

Talent Acquisition 130

Talent Acquisition Video Recruiting Analytics Hiring Software 130

Hireology

SEPTEMBER 19, 2018

Insights – Hireology’s analytics platform –just received an update to make our benchmarks even more accurate. Industry benchmarks make it easy to measure and compare aspects of your hiring process to other businesses like yours to see how you stack against the competition. Time to review. Time to hire.

Benchmarking 40

Benchmarking Industry Hiring Software Productivity 40

Analytics in HR

MARCH 30, 2021

There are five challenges even the best of us face in measuring quality of hire: What defines a quality employee differs across business sectors, industries, individual organizations, and, most importantly, job roles. Time to Fill = networkdays(offer acceptance – requisition date). Interview Scores.

Hiring 134

Hiring Hiring Software Metrics Benchmarking 134

ExactHire

MARCH 10, 2022

Below are some common recruitment metrics you should know: Time-to-hire is calculated by counting the number of days between a candidate applying for your position and accepting the job. Learn how effective the changes you make to the hiring process really are by benchmarking this number.

Hiring Software 130

Hiring Software Interview Software Recruiting Software Assessment Software 130

Workable

MARCH 24, 2016

Firstly, time to fill should never be confused with time-to-hire which tracks the time elapsed between a successful candidate’s first contact (whether they apply or whether you source them) to their eventual hire. Benchmarking time to fill. Benchmark data from Workable).

Recruiting Software 96

Recruiting Software Recruitment Hiring Software Workable 96

Workable

SEPTEMBER 15, 2017

How do you calculate cost per hire? What’s a good benchmark for cost per hire? What’s a good benchmark for recruiting costs? What’s a good benchmark for a recruiting budget? What is cost per hire? Cost per hire is the average amount of money you spent on making a hire. What is time to hire?

Recruiting Software 88

Recruiting Software Recruitment Hiring Software Hiring 88

Analytics in HR

MAY 13, 2024

This framework fosters alignment, accountability, and innovation within organizations, driving success across industries. Continuous improvement: KPIs serve as benchmarks for your performance. These benchmarks help you evaluate and refine your HR strategies and processes to improve your effectiveness over time.

Examples 119

Examples Objectives & Key Results Hiring Software Retention and Turnover 119

Visier

APRIL 17, 2018

At the same time, it’s important to share enough context — previously established goals, historical data, KPIs, or industry benchmarks — so the audience understands why the data is important. #3. In this case, a better structure starts with the most important information first. Choose the Right Visualizations.

HR Software 214

HR Software Data Hiring Software Retention and Turnover 214

Analytics in HR

AUGUST 24, 2021

This can make it hard to benchmark the data and lead to too many possible courses of action. Although you may be focused on measures like turnover and time to hire , the business is concerned with sales, profits, customer and client satisfaction, etc. Benchmark your results. Are there any questions we should eliminate?

Analysis 101

Analysis Employee Engagement Survey Hiring Software 101

Workable

APRIL 13, 2016

The interviews per hire is a recruiting KPI that should, within reason, remain stable. Benchmarking interviews per hire. Benchmark data from Workable ). This reflects the relative absence of external factors influencing this part of the hiring process. Time to hire : The efficiency metric.

Recruitment 86

Recruitment Hiring Metrics Benchmarking 86

Yello

NOVEMBER 14, 2019

When it comes to recruitment operations benchmarks, understanding what’s going on outside your organization may be key to assessing whether you’re on point or behind the curve. Yello’s 2020 Recruitment Operations Benchmark Report reveals trends across multiple industries and a variety of job categories. Time-to-Hire Trends.

Recruiting Software 104

Recruiting Software Hiring Software Benchmarking Interview Software 104

GoodTime

MARCH 18, 2019

The company has spent thousands in advertising, lots of time (and money) has been wasted, and now the hiring manager is angry with the recruiting team as the work is piling up. SHRM’s latest benchmark report shows the average time to hire across across all industries and roles was 36 days (down from 42 days the year before).

Interview Software 42

Interview Software Recruiting Software Hiring Recruitment 42

Cielo HR Leader

JANUARY 30, 2017

A myriad of factors, both internal and external to a business, can affect time-to-hire. It can vary by job level, discipline, industry and region. Certainly, the Middle East as a whole has a longer time-to-hire period for professionals (45-60 days) than other regions such as North America and Europe (late 20s to late 30s).

Employer Branding 40

Employer Branding Hiring Software Recruiting Software Onboarding Software 40

HRExecutive

SEPTEMBER 18, 2024

Cost-per-hire is the sum of all these costs, divided by the number of employees hired over a 12-month period. Organizations at the median of our benchmarking data spend $3,448 per hire. These not only include your industry and location, but also the function(s) and specific roles for which you are recruiting.

AI Recruiting 123

AI Recruiting Hiring Software HR Software Recruiting Software 123

Hireology

JUNE 23, 2020

As states take a phased approach to reopening in light of the COVID-19 pandemic , many businesses that might have made unfortunate layoffs or put hiring on hold are now eager to staff up with qualified candidates. . Measure time to hire (hiring velocity). Hold managers accountable to following a process.

Data 95

Data Hiring Software Hiring Background screening 95

Yello

JANUARY 31, 2020

Get industry knowledge: Understanding the intricacies of every position and department can be challenging. For each new open role, conduct basic industry research to look for comparable job descriptions at other companies. Set deadlines for hiring managers to provide feedback on a candidate and for extending an offer.

Recruitment 80

Recruitment Hiring Benchmarking Onboarding 80

Survale HR

OCTOBER 12, 2022

Not all candidate experience benchmarks are created equal but employers are hungry for them. In fact 90% of companies that come to Survale to manage their candidate experience and optimize their hiring process say benchmarking is somewhat, to very, important to them. What Are Candidate Experience Benchmarks?

Talent Experience 59

Talent Experience Hiring Software Benchmarking Interview Software 59