Make Sure Your Talent Acquisition Metrics Are Aligned With Stakeholder Needs
With so much information available, you need to make sure that the recruiting metrics you’re leveraging to build your data reports are reliable and relevant. It’s not always straightforward to decide which metrics you need to report on. Chat to your stakeholder groups and take the time to understand the data they’re interested in and the underlying reasons. For TA teams, an awareness of which source of hire is most lucrative when it comes to delivering the most qualified talent can help them focus their efforts and become more efficient. On the other hand, leadership teams are likely to be more interested in high-level stats that show overall performance, including cost per hire and time to fill, individual contributions and diversity. If the value of your reports is immediately obvious to them, this will in turn help them understand the value of data hygiene and help you keep your data sound.
And don’t forget about candidates, they are stakeholders too! For example, many candidates are interested in knowing how diverse your workforce is. By embedding that data into your talent communities and career sites, you’re helping them understand how welcoming your company is.
Once you have worked with stakeholders to understand their needs, build a robust data model and reports based upon these goals. Make sure you share talent acquisition metrics best practices with your stakeholders to ensure that they analyze and use the data correctly so it has a positive impact on the recruiting and hiring process.
- Avature dashboards are role-based, therefore depending on your role in the organization you’re served up with the right information at a glance.
- Avature’s custom report builder allows you to create advanced visual reports according to your needs.
Analytics & Reporting in a Nutshell
70% of companies said they consider people analytics a high priority. However, only 9 percent of companies believe they have a good understanding of which people dimensions drive performance in their organizations.
Understanding Key Metrics for a Successful TA Strategy
Metrics play a huge part in the talent acquisition process and understanding them correctly can make the difference when it comes to optimizing efforts and winning the war for talent.
Industry Leaders in Action
Check out how these industry leaders are aligning their stakeholders needs with talent acquisition metrics that change the game for everyone involved.
80hours per week saved
Since implementing dashboard data reporting, Metro Bank has been able to save 80 hours a week because their recruiters no longer have to compile updates for managers.
Avature’s Hiring Manager portal has become the go-to platform for OpenText’s hiring managers to get access to and visibility on candidates, where they are in the process, feedback, metrics and more.
A leading global sportswear brand brought its diversity and inclusion beliefs to life with an impactful microsite built with Avature that showcases videos, diversity metrics and reports.