If you want to properly evaluate the health and effectiveness of your recruiting strategy, you should be regularly measuring key components of your process. Recruiting metrics will tell you what’s working, what needs improvement, and where to allocate future budget dollars and time. As such, today we’ll discuss the #1 recruiting metric that you should be tracking in 2020.
#1 Recruiting Metric: Time to Fill
“Time to fill” is the amount of time needed to fill a position, from identifying the need to the acceptance of an offer. This is the number one recruiting metric to watch in 2020 as it directly impacts your ability to onboard top talent. Watch it closely as it can serve as a warning that something you’re doing isn’t working if it’s taking too long to make a hire.
According to SHRM, the average time to fill a position is 42 days, although that number can vary from one industry to another.
If you’re finding that your time to fill is way higher than you’d like and you want to reduce that time, you might want to consider using a more efficient recruiting strategy. Consider the following:
Improve Time to Fill with an Applicant Tracking System
If you aren’t already using a candidate database, now is a great time to start using Recruiteze. Without the support of an Applicant Tracking System, whenever you need to fill a new position, you essentially need to start over from scratch. Not only is this incredibly time consuming, but it’s not the best use of anyone’s time.
Recruiteze is a cloud-based service that keeps you from having to manage and maintain a local applicant tracking system. Our paid version and free online applicant tracking and recruitment system gives you the ability to manage candidates and clients all in one place without having to start from scratch each time.
Improve Time to Fill by Reaching Out to Passive Candidates
If you want to improve your time to fill, don’t wait on candidates to come to you, reach out to passive candidates (including those who have applied before as well as previous employees who might have left on good terms) and stay in touch. Recruiters should obviously be talking to lots of people when there is an open position, but even when there isn’t – continue building those relationships. You never know when an open position might be a good fit for someone in the pipeline.
Improve Time to Fill by Encouraging Referrals
Another way to improve your time to fill is to offer referral incentives to your employees (and other company-related contacts). With each new job opening, send out an email to your colleagues reminding them of your referral program along with the job description. Most companies find that when they consistently ask for referrals, they tend to see more qualified candidates. By encouraging referrals, you reduce your time to fill, money spent on advertising and spending countless hours sorting through resumes.
Free Applicant Tracking System for Small Business Recruiting
Recruiteze will help you improve your time to fill by helping you get your job openings in front of the right candidates by publishing on important job sites like Google, LinkedIn, ZipRecruiter, and more. Don’t take the time to post your job ad multiple times when you can trust Recruiteze to do it for you! Many times, small businesses will hire staffing agencies to help them with the ins and outs of recruiting tasks. However, with an ATS like ours, you can save time, effort, and money.
In addition, you’ll be able to send out personalized emails to each candidate to help save time and effort. Communication with applicants won’t fall to the wayside and you’ll be gaining a great way to keep the applicant engaged and informed.
Recruiteze offers an online recruiting cloud option now that can be a great way to keep up with data, software, and anything you need, no matter where you are! You just need an internet connection and you’re ready to use our system. There’s no longer a need to have a server or system administrators that manage and operate software or servers. You can house all your data in the ATS cloud and access it anywhere at anytime.
There are tons of benefits you can gain from trusting our free applicant tracking system for staffing companies! Recruiteze will help your small business save time and money, become more organized and streamlined, and help you track applicants without worrying about top talent falling through the cracks. Be sure to try it for free if you haven’t used an ATS for your agency or small business!