Recruitment Funnel Throughput
The Recruitment Funnel Throughput looks at each stage in your recruitment workflow to determine the volume of candidates progressing.
How do you calculate Recruitment Funnel Throughput?
To calculate your Funnel Throughput, start by dividing the number of candidates who progressed to the first (post-application) stage of your recruitment process. For example, if the first stage is ‘telephone interview’ then:
# telephone interviews ÷ # applications
Next, you move to your second stage, for example, ‘First interview’ so:
# first interviews ÷ # telephone interviews
Say, for example, you have 100 applicants of which you progress 50 to a telephone interview; your first ratio is 50/100 or 1 in 2. Then you may progress 10 to the first interview, so your next ratio is 10/50 or 1 in 5. Of the 10 who attend a first interview you may take 4 to a final interview, so your ratio is 4/10 or 1 in 2.5. And of the 4 final interviews, you may make 1 hire - 1 in 4.
Recruitment Funnel Throughput enables you...
...to get a good idea of the approximate number of candidates you will need to source in order to progress a sufficient number through the process to make a hire. As with most recruitment metrics, analysing your Funnel for your entire recruitment will only give you a very high-level view - where the funnel becomes increasingly important is when you start to assess it for specific positions, locations, seniority levels and so on.
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