The report underscores the growing significance of Data and Metrics in Talent Acquisition (TA) as organisations endeavour to remain competitive in sourcing and hiring top talent. With the surge of technology and digitisation, data-driven approaches have become indispensable for informing recruitment strategies and enhancing candidate experiences.
The report emphasises the need for TA professionals to understand which metrics are most relevant to their objectives and offers insights into measuring and utilising data effectively. By providing clarity on data collection and its importance, the report aims to empower TA professionals to optimise recruitment processes and meet evolving industry demands.
Key insights at a glance
- Time to Hire Remains Key: Time to Hire continues to be a focal metric, with 82% of respondents recording it, reflecting stability from previous data collection in May 2021.
- Emergence of Quality Metrics: While Quality of Hire saw a slight decrease in measurement from 32% to 26%, there's a notable emergence of quality metrics such as First Year Performance and Retention of Hires, indicating a growing emphasis on hiring outcomes.
- Diverse Range of Recorded Metrics: Respondents are tracking an array of metrics beyond the conventional ones, including Source of Hire, Offer Acceptance Rate, and Hiring Manager Experience, suggesting a multifaceted approach to recruitment evaluation.
- Rationale for Metric Usage: The primary rationale behind metric selection includes enhancing hiring efficiency, informing diversity strategies, assessing team performance, and facilitating continuous improvement, underscoring the need for data-driven decision-making and process optimisation.