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Dashboard Title: Recruitment Analytics
Subtitle: Understanding the Cost and Time of Recruiting Talent
Overall Summary:
This dashboard provides an in-depth look at the recruitment process, allowing Talent Acquisition Specialists and HRs to gain insights into the cost and time associated with recruiting talent. It provides a comprehensive analysis of the recruitment funnel, from the number of applications received to the time it takes to fill a position.
Insights Gained:
Understand the cost associated with hiring employees at different seniority levels.
Analyze the recruitment funnel to gain insights into the conversion rate of applicants to hires.
Track the average time to fill a position and review time for each department.
Who Can Benefit:
Talent Acquisition Specialists, HRs and other professionals involved in the recruitment process can benefit from using this dashboard. It provides an in-depth analysis of the recruitment process, allowing them to gain valuable insights into the cost and time associated with recruiting talent. This can help them to make informed decisions and optimize their recruitment process.
Who Can Use:
Talent Acquisition Specialists
HRs
Recruitment Professionals
Benefits:
Gain insights into the cost and time associated with recruiting talent.
Analyze the recruitment funnel to understand the conversion rate of applicants to hires.
Track the average time to fill a position and review time for each department.
Make informed decisions and optimize the recruitment process.
Acquisition Recruitment Analytics
There are various talented job-
seekers out there. Connecting
with the best possible candidates
proves to be an exceptional
challenge for Talent Acquisition
Specialists and HRs. Not only is it
important to source the right
talent for the job, it’s also
essential for your new recruits to
fit into your internal culture,
remaining motivated, happy, and
engaged at all times. That’s why
we need recruitment metrics.
Industry
2016
Municipal
According to a survey from
CareerBuilder in 2018, companies
lost an average
of $14,900 on every bad
hire in the last year. Besides this,
nearly 74% of employers say
they’ve hired the wrong person
for a position. There are several
reasons that lead to this,
including anxious to fill the role
quickly, lacking the adequate
HR performance
HR name
Enya Franks
Kailan Roy
Lola-Mae luna
Applied
Interviewed
Industry
Assessed
Municipal
Recruiting funnel
Hired
Municipal
Municipal
Recruitment Analytics
Designed by A.B. in July 2020 | Source: Kapple and Data World datasets
Hired
15
10
8
Conversion ratio is the number of total applications divided by the number of hires.
33
Recruitment
Conversion Rate
72
17.05%
10.00%
8.33%
138
284
Average hiring cost by seniority level
$5,500
Hire cost
$5,000
$4,500
$4,000
$3,500
$3,000
$2,500
Average time to fill
40
30 5.01
Days
8
6.58
10
Junior
17.45
6.54
5.02
17.25
Mid-level
6.40
5.02
17.77
6.46
5.05
17.30
Senior
6.65
5.00
6.46
5.02
Executive
17.22 17.38
6.54
5.08
17.83
(30)
The average cost is
$3,002 for hiring
Junior level
employees,
$3,504 for hiring
Mid-level employees,
$3,866 for hiring
Senior level
employees and
$4,597 for hiring
Executive
employees.
“Review time” is the
time spent to choose
the qualified
candidates from all
that applied. “Hire
time” is the time
since the end of the
assessment until
decision for final hire
For all departments,
it takes around 39
days on average to
fill a position.
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