Evaluating The Effectiveness Of Recruiting Efforts

Question 1

What is Yield Ratio?

Answer 1

A yield ratio compares the number of applicants at one stage of the recruiting process to the number of applicants at the next stage.
The ratio helps you determine how many candidates you will need, the cost of recruiting methods and return on investment (ROI).

Question 2

What is the formula for calculating yield ratio?

Answer 2

If 200 candidates apply for a position,
20 qualified candidates are interviewed,
10 job offers are extended, 5 hired.
Qualified candidates
/
Total candidates

Question 3

What is the formula for calculating cost per hire?

Answer 3

Cost per hire is the amount of money needed to recruit a new employee, it includes direct and indirect costs.

Advertising+ agency fees+ employee referrals + travel costs of applicants and staff+ relocation cost+ recruiters pay and benefits.
/
Number of hires

Question 4

What is the formula for calculating source yield?

Answer 4

Number of hires from a source
/
Number of candidates generated from a source.

Question 5

Formula for calculating Days to fill

Answer 5

It is the average number of days required to hire a person for an open job position.

Total days required to fill selected open positions
/
Total number of people hired for those positions.

Question 6

Formula for calculating Return on Investment?

Answer 6

It is a performance measure used to evaluate the financial outcome of an investment.

Value of benefits received
/
Cost to produce benefits

Question 7

What is Turnover rate and formula for calculating it?

Answer 7

It measure the rate at which employees leave an organization.

Monthly number of employees leaving the job
/
Average number of employees during the month
x 100

Question 8

What is vacancy rate and the formula?

Answer 8

It measures rate at which positions open as a result of employee turnover.

Monthly number of vacant positions as of today
/
Average number of positions as of today
X 100

Question 9

What is Human capital value added and formula?

Answer 9

This metrics measures how workforce’s knowledge, talent and skills add value to an organization.

Revenue - [ operating expense- compensation cost + benefit costs]
/
Total number of full time employees