Most HR department talent recruiters have a laid-out plan for how they'll hire candidates. But hiring shouldn't just be to fill the vacant positions.
According to some studies, it involves aiming to get candidates that will provide the most benefits for the organization and the highest ROI.
As a talent acquisition professional, it's up to you to create standards and measures to ensure your quality of hire. There are many ways to determine quality of candidates, including hiring manager satisfaction surveys, and more. Below is a list of some of the metrics to measure high quality candidates.
Quality hiring involves:
It can be difficult to measure candidate quality with such a broad scope, so it's best to break down what you'll measure.
[Read More: Candidate Assessment Methods]
Measuring the quality of your candidates shouldn't wait till after they're on board. To ensure the people you employ are likely to be great employees, you need to start assessing them as early as from the candidate sourcing phase.
This knowledge enables you to make better hires and gives you solid data to work with. Digital pre-hire solutions like Crosschq 360 digital reference checks and Crosschq Recruit, 100% opt-in candidate referrals, are some of the tools you can use to source and evaluate potential candidates.
You can also use the following methods to assist you:
This type of candidate evaluation method is not easily measured, but it's essential to help you discover whether you’re evaluating good quality candidates. It's more reliable if you or your recruiters have a better experience with the hiring process.
You can ask yourself the following questions to know your candidate:
This method is a tangible way of knowing whether your candidate will be a great addition to your organization. It's best suitable if you're worried about your own qualitative biases.
The quantitative candidate evaluation method involves data points like:
After you've recruited the candidates you want and they're on your team, you can now measure their value.
Here are four key areas you can look at:
When your candidates are on board, you should give them some time to adapt to the new job. However, their performance should improve as they continue to be on your team.
You can measure this with a ranking score. It means ranking the new hires for comparison. You can also measure an average bonus percentage of an employee's pay or an error rate.
Turnover is checking how long your candidates last in the company. It takes a long time to track this, but you should notice a trend of new candidates and their longevity in careers.
Although this can be a biased measure since the reviews can be subjective, it's still a way of knowing the quality of your candidates. You can introduce performance-related measurements that are strict.
Although this is also a subjective assessment, it can yield valuable data. It enables department managers to express what they feel about a candidate. They give information on the competence and performance of a new hire.
To achieve your organization's goals and objectives, every company must develop measures for evaluating candidates. By incorporating the best actions, you gain insight into a candidate's full potential.
To get the best pre-hire insights from Crosschq about your candidates, schedule a demo.