Application to Hire Ratio
Application to Hire ratio is a versatile metric that can give insight into your recruitment advertising effectiveness as well as indicate the amount of time you will need to spend recruiting for specific roles, job types, locations and so on.
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How do you calculate Application to Hire Ratio?
To calculate your application to hire ratio simply divide the total number of applications received (excluding applications for currently open roles) by the number of hires made.
By looking at your application to hire ratios for specific jobs you can spot those where you typically get inundated with applications - though this may be a ‘nice problem to have’ remember that it is important that all candidates receive a great candidate experience - more applications require more time assessing candidates so there will be a knock-on effect through the later stages of your recruitment process. Look then toward implementing tools such as screening questions within the application stage to help candidates qualify themselves in for the roles they are most suited to.
By doing the same for each candidate sourcing channel...
... you can quickly build up a picture of the channels where you are more likely to hire an applicant. For example, job aggregators are typically ranked as the number one source for the volume of candidates they generate* - but are you more likely to hire one of them as opposed to a candidate from a niche job board? Application to hire will vary, often considerably, based on the type of skills required, the salary range, even based on your attractiveness as an employer.
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Turn data into action
Having full insight into all aspects of your recruitment process is vital in the quest for hiring perfection. Download the full Recruitment Metrics Cookbook today and get access to an extensive list of metrics and how to calculate them.
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