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Dashboard, Excel, Human Resources (HR)

 

The Recruitment Dashboard template is useful for Recruiters and Managers to manage their recruitment process. It is a handy tool to store jobs and applications received for those jobs. It is designed to make it easy to track the progress/status of all the applications or candidates. It has a fully automated dashboard that provides the relevant key metrics to analyze and optimize your recruitment process.

What Metrics Should You Track On Your Recruitment Dashboard?

– Days to hire

– Candidates Placed

– Active Candidates

– Reasons to Decline

– Recruitment Funnel

– Open Positions

Recruitment Dashboard available visualizations

Time to hire (in days) | Days to hire means the number of days between when a candidate is initially approached and the moment they accept the job. Essentially, it’s the time it takes to move a candidate through the hiring process once they’ve applied for a job.

The shorter your time to hire rate is, the better, as this indicates that your recruitment process is efficient and your recruiting team is performing well. This enables you to hire the strongest candidates, preventing them from being snapped up by a different company with a shorter time to hire. Plus, it provides a better experience for your candidates because nobody enjoys a recruiting process that drags on.

Application source | The application source metric refers to tracking the sources your new application comes from. This enables you to gauge the effectiveness of different recruiting channels, including agencies, different job boards, your careers page, and social media.

You may notice a recurring pattern of consistently hiring employees who have applied to your job after seeing an advert on LinkedIn. Meanwhile, you continue to advertise on job boards, but these sources fail to convert.

A recruitment dashboard shows you the best place to hire talent for your organization. All you have to do is look at the data and do less of what’s not working and double down on what is. Cutting spending on channels that aren’t bringing you the best, most qualified candidates will save you money and allow you to spend more on the most effective sources.

Recruitment funnel effectiveness | One of the most valuable metrics on a recruiting dashboard is the overall effectiveness of the recruitment funnel. This means the number of people at each stage in the funnel, as well as the pass rate between stages.
This ratio is based on the number of applicants that have successfully completed each stage of the funnel—or the number of hired candidates—over the total number of applicants for that stage.