Understand how many candidates your get from each source
Understand which source is providing you with the best candidates
Focus on the best performing source to increase your hiring efficiency
This template pulls data from your Applicant Tracking system: Lever, Greenhouse, or others.
It looks at the main ways you're getting candidates (ie your sources) and for a specific posting (ex: Software Engineer), it gives you a few important information
- How many candidates you got from this source
- How many candidates were ultimately hired
- What's the conversion rate between these two numbers: Out of all the candidates you got, what's the percentage that got hired
It's very likely that you have some sources that bring you a lot of candidates.
So at first glance, you might think they're good sources. But if the "Lead to hire" conversion rate is very low, then you're spending time and effort interviewing candidates who are likely not to convert.
You're wasting your time and theirs.
If you understand the sources that are bringing you the most qualified candidates, then you can focus your effort on them.
For example, in the numbers on the report here, you can see that referrals are both bringing a high quantity of leads at a good conversion rate.
Maybe you want to take initiatives to increase the number of leads you get from referrals.
For example, you might want to offer an incentive for people (employees or others) who refer candidates to you.
If you already have an incentive program, you might want to think about increasing the amount
Easy, no code required
Don't learn a new tool: use spreadsheet features and formulas you already know.
Combine the ease of a spreadsheet with the power of a BI tool. Use SQL queries if you want to.