Candidate Source
Candidate Source metrics are a family of recruiting KPIs that can help you identify the best places to advertise to find the right candidates for your jobs, so that you can maximise your return on recruitment marketing investment.
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How do you calculate Candidate Source %?
At its simplest level, simply divide the number of candidates you acquired from a specific source by the total number of candidates sourced. Follow this procedure for each candidate sourcing channel and then display it as a piechart to get an overview of which channels are providing the greatest volume of candidates.
Try source of hire, for example...
...This uses the same methodology but only looks at the data for the people you hired, this can give a better picture of where you are finding the most suitable candidates.
An alternative measure of the quality of your candidate sourcing channels can be achieved by looking at the Source of Quality Candidates - those candidates who progress through specific stages of your process, for example, those who progressed beyond a first interview.
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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.
Gain full visibility of your recruitment
Explore other key recruitment metrics:
