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Determining ROI for Your Company

Posted on Wednesday, February 6, 2008 at 04:33PM by Registered CommenterThe SearchLogix Group in | CommentsPost a Comment

Questions to Determine ROI for Your Company:

Is the company website attracting the right talent?

  • How many resumes do you receive on your website?
  • What is the resume to position ratio?
  • How many of the received resumes are worth calling?
  • Do you track resumes per posting?
  • How many of those called return your call?
  • Of the call backs, how many are worth moving forward?
  • How much time have you spent on this process?

Does your company recruit or screen resumes?

  • Do you screen all resumes submitted to the company website?
  • Do you actively recruit from other companies?
  • How many channels do you use to attract talent?

Do you track the time spent recruiting?

  • Time to post job description?
  • Time to sort through resumes?
  • Time spent calling / interviewing candidates?
  • Time between interviews keeping the candidates interested ?
  • How many offers go out according to category (internet candidates / referrals / outside recruiters) ?
  • How did the candidates perform ?
  • Which recruiter submitted the best candidates and what are the ratios ?

Do you track your “KPI’s?”

  • Calls per day ?
  • Search Assignments to calls ?
  • Candidates per call ?
  • Search Assignment to Placement Ratio ?
  • Candidate to Placement ratio ?
  • Cost per hire ?
By tracking this data you can make a solid decision to determine ROI. By using this data your company can manage time and resources with a great deal of efficiency. “Nothing is more devastating to an opinion then a number.”

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