Hireology is excited to announce its latest feature: Insights – easy-to-understand reporting that provides clear visibility into hiring metrics, highlighting points of strength and weakness in the hiring process.
Insights enables business owners and talent acquisition leaders to gain a clear understanding of hiring performance across locations and managers, and shows this success compared to peers using industry-specific benchmarks. With Insights, companies can determine actionable next steps to improve the hiring process. Read the full press release here.
Key Insights include:
Velocity – How Fast Am I Hiring?
The longer a position goes unfilled, the more productivity is disrupted as employees spend time covering for the open role. And the longer the hiring process, the higher the risk of losing quality candidates to the competition. In fact, Hireology research shows applicants reviewed and acted upon within 12 hours are more likely to be hired. The Velocity Insight helps measure and improve time to hire with a clear understanding of applicants reviewed, time to review, and average time spent in each hiring step. Hiring Velocity identifies bottlenecks in the hiring process, decreases time to hire and increases the chance of engaging – and hiring – quality talent before the competition.
Adherence – Am I Following My Hiring Process?
In an effort to fill open roles, HR managers and business leaders often want to hire as quickly as possible. But while making a quick hire to fill a vacant role sounds great, it’s also important to follow each step of the hiring process to avoid making a bad hire or overlooking a star candidate.
Hireology’s Adherence Insight drives team accountability to follow an impactful, legally-compliant hiring process. Gain insight into your hiring process health and pinpoint where critical hiring steps are followed or missed for specific candidates and roles. Use the data to drive conversations between managers and team members to ensure all applicants are reviewed and proven process steps are followed.
Additional Insights will be rolled out over the coming months, including:
- Sourcing – Which sources are bringing me the most quality applicants and hires?
- Payroll – How long does it take my sales hires to become profitable?
- Turnover/Retention – What is my new hire turnover?
- Selection – What profile will make for the best employee?
With Hireology & Insights, you can make smarter, faster hiring decisions by following a consistent hiring process. Ultimately, this data will help you hire your best team, driving greater operational efficiencies, customer service and profitability.
Let’s build an insightful hiring process. Schedule a demo today.