Percent of All Hires
HR Metric - Percent Of All Hires
What (Definition)
Hiring plays a key role in the growth of the business and expanding its market. The hiring of each individual comes from various sources and applications. Recruiters measure the percentage of all hires, one of the recruiting metrics where the percentage of a particular hiring source is measured and calculated.
Why (Benefits)
Hiring can come from both internal and external recruitment. An organization may consist of several departments and different sources can come out to be efficient for each of them. Calculating the percentage of all hires can help recruiters understand what hiring sources were successful for particular recruitments. These calculations help businesses evaluate and analyze different sources which can assist them in decision-making.
Cost - Cuts the cost spent on less successful applications and sources.
Future - Helps in the future hiring processes as the recruiter has the idea of which platform to target the new recruitment information.
Wealth - Analyzing the calculations can help cut out many other external costs which would save money.
How (Calculation?)
To calculate the percentage of all hires, we need to consider both internal and external headcounts.
Initially, measure the total number of hires.
In the records provided above from a company, we can see a total of 10 hires have taken place in the finance department. The recruitment has come from various sources such as LinkedIn, social media, Indeed, Job Fair, and others.
Next, count the number of hires from each source.
Percentage of all hires = (Number of hires from a particular source/Total number of hires)*100
Now, we can calculate the percentage of all hires of a particular source using the formula above.
Percentage of all hires:
LinkedIn - (3/10)*100 = 30%
Website - (2/10)*100 = 20%
Indeed - (2/10)*100 = 20%
agency - (2/10)*100 = 20%
Other - (1/10)*100 = 10%
From the calculation above we can conclude LinkedIn was the highest platform for successful hiring whereas job fairs and others were the least successful hiring sources. This output applies only to this particular organization. Data may vary from one organization to another and different departments, therefore the result can vary.
Make sure to sum up all the percentage values obtained and check if the total is 100. If not, there must be some errors in the calculation therefore please go through the data once again.
Percent of all Hires Chart
We can see an analysis of the results we obtained using the formula in the chart above. Visualizing the outputs can help recruiters get an overall idea about the successful and non-successful sources without the need to go through the entire calculation.
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Now it’s your turn.
Do you measure the percentage of all hires in your company? Please share your thoughts on how you do it below. We would like to hear from your experience.
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