Defining the Formulas We Use for Metric Reporting

Recruiting By the Numbers: Defining the Formulas We Use for Metric Reporting

When it comes to recruiting metrics in our industry, we want to make sure we are all speaking the same language and comparing “apples to apples.”

In today’s round-table session, our panelists talk through the formulas they use when they define their recruiting metrics.  This session is part of our ongoing series around industry benchmarking.

Listen in on what our panelists have to say.

This event is part of the “Let’s Talk Recruiting” series where a panel of recruiting practitioners get together online and have a conversation on a variety of topics related to corporate recruiting.


Click to Play the Recording


Our Panelists…

Name & LinkedIn Profile Group Title Company

We asked our attendees, “Do you keep track of a recruiting metric that you think most companies don’t? If so, what is it?”

Here are their answers:


Chat Messages from the Session…

10:09:20 >> From  Kris Muth   to   All panelists : atapglobal.org

10:09:21 >> From  William Uranga : Ate-global.org

10:09:40 >> From  William Uranga : What Kris wrote…. 8~)

10:10:03 >> From  Kris Muth   to   All panelists : https://atapglobal.org/atap-content/uploads/2020/06/ATAP-Source-Effectivness-Guidelines-White-Paper.pdf

10:10:15 >> From  Kris Muth   to   All panelists : Source Effectiveness Guidelines (ATAP)

10:10:45 >> From  William Uranga : There’s also a white paper on metrics, I believe…

10:12:44 >> From  ryan rowe : My former colleague Rebecca Fouts helped write that white paper, she’s a GOAT sourcer, 100% trust that document

10:14:01 >> From  Daniella McDonald : My last company didn’t really have direct competition so any data we had was more general against companies that did similar but not exact work.

10:15:09 >> From  Christine Higgins : https://www.diversityreports.org/ can be a helpful place to start

10:15:22 >> From  Kris Muth   to   All panelists : ATAP & CXR are great Talent Acquisition Orgs/Groups that allow you to collaborate with other companies that care about TA

10:15:36 >> From  Kris Muth   to   All panelists : https://cxr.works/

10:15:57 >> From  William Uranga : CareerXroads is, indeed, another great org to benchmark…

10:16:39 >> From  Jonelle Wilson   to   All panelists : Being in the healthcare space, we are attempting to mirror our patient population as closely as possible because studies have shown that there are higher percentage of better patient outcomes

10:19:40 >> From  Lance Boll   to   Sean Rehder(Direct Message) : I am dialed in, but think I am in mute mode.  Can you please unmute my mobile number, 832-269-7732

10:20:10 >> From  Sean Rehder   to   Lance Boll(Direct Message) : done

10:21:18 >> From  Audrey Fong   to   All panelists : Do you have any examples of questions you use?

10:23:26 >> From  Audrey Fong   to   All panelists : Yes, thank you!

10:24:12 >> From  Christine Wisch   to   All panelists : thanks Sean!

10:24:14 >> From  William Uranga : [email protected] for Candidate Experience Survey (questions)

10:24:54 >> From  Christine Wisch   to   All panelists : thank you William

10:30:01 >> From  William Uranga : When in Rome….

10:30:39 >> From  Tracey Jerdine : I find it challenging to calculate cost per hire given all the employees that are part of the hiring and onboarding process?. what’s best practice in doing so?

10:31:28 >> From  Alexandria Brown   to   All panelists : I always track 3rd party spend. It’s part of building out a People Team budget and it’s costly so I watch my spend like a hawk!

10:32:10 >> From  Ryan Reeder : Agree Alexandria

10:33:59 >> From  Daniella McDonald : I would get a report from finance with all recruiting spend. We had hiring managers who went on their own with agencies.

10:34:03 >> From  Jan Zizzo : The TA COE that I am leading – all agencies and contracts have to come through me.  We also add the invoices to Workday and only open up Workday to agencies we have approved.

10:35:32 >> From  Sean Hanna   to   All panelists : +1 on all the direct TA costs to influence cost per hire, we also look at indirect costs too (like interviewer time per hour, based on avg hourly rates by function since we track all interview data in GH)

10:36:08 >> From  Sean Hanna : +1 on all the direct TA costs to influence cost per hire, we also look at indirect costs too (like interviewer time per hour, based on avg hourly rates by function since we track all interview data in Greenhouse

10:37:02 >> From  Jonelle Wilson   to   All panelists : Yes, I’m a big fan of ratios for reporting

10:37:12 >> From  Jonelle Wilson   to   All panelists : that allows you to see where training needs to occur

10:38:07 >> From  Jonelle Wilson   to   All panelists : i.e. if your recruiter is submitting 10 people and your manager is only wanting to move forward with 2, then there’s something not being revealed during the intake

10:38:52 >> From  James Perduto   to   All panelists : William’s fan is mesmerizing 🙂

10:39:01 >> From  Chris Rosenau : +1 Yvette on throughput analysis and expectations.

10:39:41 >> From  William Uranga   to   James Perduto and all panelists : James…it is my ONLY fan that I have 8~) #punintended

10:40:25 >> From  James Perduto   to   All panelists : you now have another fan!

10:40:41 >> From  William Uranga   to   James Perduto and all panelists : #yourcheckisinthemail

10:40:53 >> From  yanin fucile   to   All panelists : is days to hire a significant measurement?

10:43:09 >> From  William Uranga : Days to hire can be a significant measurement…depends on factors of the function, industry, maturity of the organization…

10:44:11 >> From  William Uranga : …but it depends on what you need to be concerned about/improve. Days to hire could be great (metric-wise) but Days to start could be terrible (too long)…

10:47:26 >> From  Jonelle Wilson   to   All panelists : @William agree completely – you need to not only look at the time to fill and other recruiting metrics but also the onboarding metrics to see how those numbers are effecting recruiting

10:52:31 >> From  Daniella McDonald : our ATS did have a report that showed us the top 10 companies we hired from. LinkedIn had some data related to that as well when an employee would change their profile to our company. or even where they went after our company.

10:55:02 >> From  Daniella McDonald : you can also look at performance reviews and ratings.

10:56:18 >> From  Lara Gartner : It was great to hear everyone’s approach. Great panel – thank you!

10:56:44 >> From  Chris Rosenau : qoh: polling the hm at hire then at 6mos; asking if the candidate is ramping faster/same/slower than anticipated.

10:59:49 >> From  Lisa Trujillo   to   All panelists : Great discussion, I have to jump off the line and jump into another call. Thank you everyone  😉

11:01:22 >> From  Kris Muth   to   All panelists : don’t judge on commute too harshly.  I live in Atlanta and have an hour & half commute but I’m happy to do it for my job

11:01:42 >> From  Diane Mariuzza   to   All panelists : Thank you!

11:01:56 >> From  Daniella McDonald : Thank you everyone! Great topic!


Some of the attendees…

Name & LinkedIn Profile Group Title Company

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