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Why Track?
There are several reasons to track the success of individual recruitment
strategies.
Resource allocation. Limited resources, both human and capital,
require HR to manage costs and justify allocations. The only way
to achieve both of those goals is to track results and measure outcomes
to demonstrate that resources are being applied efficiently and
effectively.
Work valuation. While the value HR brings to recruiting
may be obvious to HR, it is not always obvious to the rest of the
organization. Just as other operational areas report on progress
against their goals, HR must report on its recruiting progress.
Numbers speak volumes; recruiting statistics demonstrate the value
of the recruiting effort-the HR effort-to the wider organization.
Performance improvement. An organization can only improve
performance by tracking current performance, setting a baseline,
and working to improve against it. Tracking recruiting success enables
the recruiter to identify areas of deficiency.
Work effort focus. Publicizing the list of areas recruiting
tracks defines for the organization what is important-to HR and
the agency-and focuses attention on those critical areas.
What to Track
There are a broad range of areas HR could track to determine recruiting
effectiveness, including source effectiveness, new hire retention/failure
rates, hiring diversity, speed to hire, recruiter effectiveness,
manager satisfaction, and applicant satisfaction. This article focuses
on the first-source effectiveness-because it is the most important
metric for recruiters just establishing a recruiting tracking mechanism.
The first step to analyzing the effectiveness of a recruiting program's
ability to attract candidates is to generate a complete list of
candidate sources. As we discussed in last month's article, resume
sources include the following.
Agency websites, whether through a specific job section or the general website
USAJOBS
Employee referrals
Social networks
Direct, unsolicited applications from another source
Online job boards, both general and niche
Print advertising
Job fairs
Campus recruiting
.jobs URL (future possibility)
Recruiter
Once that list is generated, the recruiter needs to track the following information.
Agency websites, whether through a specific job section or the general website
Number of positions to be filled
By source (see above)
Calculating Costs
In determining costs to include in calculations, people generally
under-report, mostly because tracking "soft costs" is
difficult. Obviously, "hard costs" such as the dollars
spent on ad placement, recruiters' fees, employee referral fees,
dedicated HR recruiter salary, and the like, must be included in
cost calculations. The costs that may be missed, but should be included,
are staff (HR and line) time spent: planning recruiting campaigns;
reviewing announcements, plans, etc.; reviewing resumes; interviewing
candidates; strategizing during the campaign; and, follow-up activities
with all candidates.
Finally, with candidate sources identified, numbers by source collected,
and costs determined, the recruiter calculates the following figures.
Remember to segregate tracking and calculations by job category
and level, as the effectiveness of a source may vary by position.
There is no one-size-fits-all solution to recruiting across a wide
range of jobs. Recruiters may find, too, that they need to use all
sources at first as they collect information, then make changes
to strategies based on outcomes.
The federal government's current human capital situation requires
that HR make the best use of every recruiting resource available
to ensure top-notch performance. Tracking results and measuring
outcomes enables HR to maximize the return on its investment, and
demonstrate its value to itself and to the agency.
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