Evaluating Recruiting Methods

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Presentation transcript:

Evaluating Recruiting Methods MANA 4328 Dr. George Benson benson@uta.edu 1

Recruitment Plans What are the job requirements and qualifications? Where to look to qualified applicants? What sources will be used to identify applicants? When to start looking and how long will it take? What message should we use? What can we offer job candidates?

Assessing Recruiting Effectiveness Cost per hire Time to hire Tenure of employees recruited Job performance of employees recruited Yield ratios Applicants per source Candidates per applicant Offers per candidate Acceptance per offer New hire per acceptance Measuring effectiveness of advertisements by coding responses.

Potential Applicants / Labor Pool Applicants to Hires Potential Applicants / Labor Pool Applicants Candidates Finalists Offers Hires

Yield Ratios The ratio of applicant inputs to outputs at various points in the recruitment process. Total Applicants Qualified Applicants Invited to Interview Job Offers New Hires Overall Yield: YIELD 50% / 2.0 20% / 5.0 40% / 2.5 75% / 1.33 3% / 33.3 100 50 10 4 3

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