MBA - HRM Blog 6
Key Performance Indicators for Digital
Recruitment Process
Introduction
It is crucial to have a skilled and capable workforce
within any organization to achieve organizational goals and objectives. Thus,
it is essential to recruit the right individuals to the right position at an effective cost. Accordingly, recruitment is a crucial function of HRM to ensure a capable workforce within organizations. Contemporary organizations tend to move
beyond the traditional recruitment processes and they tend to digitalize the
recruitment practices with the COVID 19 pandemic. However, most organizations
become failures due to inabilities with establishing the most appropriate Key
Performance Indicators (KPIs) for the recruitment process
Digital Recruitment
Digital recruitment activities are based on the different
technologies to source, fascinate, evaluate, select and hire candidates for
organizational positions. Caree websites, social media,
Online assessments and recruiting, online interviews are
largely connected with digital recruitment process
(Source: Digital recruitment.com)
KPIs for Digital Recruitment
KPIs are crucial for measuring the effectiveness of the recruitment
process and its outcomes. Recruitment KPIs help to determine the improvement
needs of the recruitment process and emphasize the return on recruitment
investment. Recruitment KPIs involves both usual performance metrics and
exclusive indicators for recruitment. KPIs are crucial in digital recruitment
and such prevailing KPIs can be mentioned as follows
I. Clicks -Click through Rate
Organization can be evaluated the number of job seekers who
clicked on their recruitment advertisement. It helps organizations to determine
whether their add reached larger population, need further boosting (Click
through rate = Total views/number of clicked on the add)
II. Cost per Click
It is crucial to measure the cost associated with the online
recruitment to determine whether the firm’s recruitment effort is effective
III. Tracking the most effective source of recruitment
Digital recruitment involves with several online sources such
as social media, google etc., and need to evaluate the effectiveness of those
to determine the most effective sources
IV. Cost Per Hire
It is essential to determine the digital recruitment cost
per an individual to evaluate the effectiveness of the recruitment process
V. Time to Hire
It is crucial to evaluate the time incurred for hiring
employee via digital platforms
VI. Quality of Hire
Organizations should measure the quality of candidates who
recruited via online platforms to determine the effectiveness of online sources
Conclusion
Digital recruitment practices make organizational
recruitment process easier and organizations need to more aware of establishing
effective and applicable KPIs to evaluate the effectiveness of recruitment
practices as KPIs can be largely used for making effective decisions.
References
Catalyst,2019.Catalyst.[Online] Available at:
https://www.catalyst.ro/key-performance-indicators-successful-ppc-recruitment-campaign/[Accessed
12 November 2021].
Furtmueller, E.,
Wilderom, C. & Tate, M., 2011. Managing recruitment and selection in the
digital age: e-HRM and resumes. Human Systems Management, 30(4), pp.
243-259.
Ingersoll,J.,2020.Paymetrics.[Online]
Available at: https://www.pymetrics.ai/pygest/5-ways-to-enhance-your-digital-hiring-process[Accessed
12 November 2021].
Jurmu, S., 2020.
Digital Channels in the Centre of the Recruitment Process: Case Company X.
Purvis, J., 2016. Human
resources marketing and recruiting: Essentials of digital recruiting;
Handbook of Human Resources Management. s.l.:s.n.
Vardarlier, P., 2020.
Digital transformation of human resource management: digital applications and
strategic tools in HRM. Digital Business Strategies in Blockchain
Ecosystems, pp. 239-264.
Digital recruitment, sometimes referred to as social recruitment or online recruitment, occurs when recruitment managers and recruitment professionals use technology as a tool to attract and recruit the best talent for open recruitment.very good article..Thanks for sharing
ReplyDeleteValuable blog for knowledge. It's very important to have specific metrics to measure effectiveness of organisations hiring process. And using KPIs helps you to make more strategic decisions.
ReplyDeleteDigital recruitments an upcoming trend will will support having data security thro hiring process. Established KPI`s and having them channel through a transparent process will strengthen employee confidant on decision making on performance.
ReplyDeleteKey Performance indicators (KPI) need to be found, since the HR-department of the Gemeente Enschede wants to measure its performance regarding their Recruitment and Selection process. Via a decision-making method, KPIs are selected that are found during a literature search.
ReplyDeleteKey overall performance indicators, allow you to enhance your recruiting strategies. In this guide, discover ways to align recruitment KPIs to commercial enterprise approach the usage of real-time dashboards. Good Article.
ReplyDeleteDigital recruitment or e-recruitment is the modern day recruitment strategy due to Covid-19 situation as well as due to the development of technology. Here, it is important to measure the efficiency of digital recruitment over traditional recruitment by using Key Performance Indicators (KPIs).
ReplyDeleteAn useful article. It's essential to have a better metric method to measuring the effectiveness of the recruitment process and its outcomes in the firm. Interesting that you explaining points and it's really helped to added more points to my knowledge. Thanks for the sharing.
ReplyDelete
ReplyDeleteReaching the most skilled and efficient candidates is now simpler than ever thanks to the internet and mobile device usage. Companies are no longer limited to attracting the best talent through a local newspaper or bulletin board; instead, companies may recruit from around the world for job advertisements from the comfort of their own workplace (Hendricks, 2021).
Recruitment KPIs such as this ensure that the recruitment process adds value to the organization and that the recruiting team obtains a healthy return on investment. Digital recruitment process use in Covid-19pandemic period. There is advantages and disadvantages are there in virtual Recruitment.
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