It’s essential to give metrics to your efforts that will let you evaluate performance and make necessary adjustments for each business function. This is crucial for your HR processes as well. The role of a recruiter and the productivity of the hiring team is evolving tremendously in current times. Just the time to hire and the cost to hire are no more appropriate metrics to measure the performance of the team or plan your talent strategy.

The importance of assessing the performance and productivity of the entire recruitment function has become increasingly important due to the introduction of the latest technology, digitization and automation of HR processes.

Technology has made it simpler to collect the data needed to track recruitment KPIs, but many organisations still struggle to act on that information and make proactive decisions based on it. By integrating talent analytics into your operations, you can determine what recruitment efforts are effective, where you need to make improvements, and how recruitment affects other elements of your overall strategy. This can be accomplished using AI-driven analytics that tracks progress over time, monitor recruiters’ productivity, and look at KPIs like hiring expenses.

How is SniperAI Talent Analytics Helping HR Leaders in Measuring Key Recruitment KPIs?

By offering actionable insights, trends, and statistics in the form of custom dashboards and reports that drive necessary hiring actions, SniperAI Talent Analytics helps firms optimise their talent strategies. Company leaders and HR decision-makers use the data-driven dashboards and insights from SniperAI Talent Analytics to support their recruitment lifecycle.

SniperAI Talent Analytics gives users access to cutting-edge deep analytics to build proactive talent pipelines, as well as data on the productivity of recruiters, diversity, and bias neutralisation, as well as channel performance. Hiring lifecycle of an organization can be optimised by 60%, and recruiter effort can be reduced by 35% with our talent analytics solution.

In order to help businesses forecast their productivity per recruiter, it can also use historic data to create predictive models. This gives an estimate of how many positions can be filled at the present pace of the recruiting team in a specific amount of time, taking risk analysis and mitigation into account as well.

Our global clients’ recruitment teams have seen an increase in their total recruitment productivity of 52%.

With SniperAI Talent Analytics, our global clients have reduced their talent acquisition costs by 37%

Inferring Outcomes at Each Stage of Hiring

SniperAI Talent Analytics by Recruitment Smart is actively helping the recruitment teams to mitigate gaps and improvement areas in the recruitment lifecycle by providing data on key recruiting aspects like the average number of days a job position is open, how many candidates are in the funnel- CV review, shortlist, interview, and selected stage real-time. It also provides data on individual recruiter’s performance.

Allocate Resources Strategically

HR leaders and managers can strategize their resource allocation. It allows them to look at the status of each job requisition, the sources and job boards that are working best in looking for candidates, the number of job offers and its gender distribution along with the overall view of the candidate funnel. Below is an instance of our dashboard that helps in devising such hiring strategies.

Assess the Holistic Productivity of the Recruitment Team

Through our Talent Analytics dashboard get data points on the average time taken to fill various open job requisitions by the team and the total number of job requisitions that recruiters are working on in real- time. It also provides the average time taken to fill jobs in different departments. With this information recruiting managers can get access to the average productivity of their teams.

Get Predictive Insights to Make More Informed Decisions

Additionally, we offer predictive analytics in our talent analytics dashboards, which can foresee potential job openings and provide pertinent recommendations regarding which candidates would be most suitable. You can use it to predict-

1. Where would one find these candidates? 1. Where would one find these candidates? 3. The anticipated date of job closure 4. Years of Experience 5. How many similar positions have been closed in the past 5 years globally 6. Comprehensive resource requirements (including the total number of interviews that you would have to conduct to close this position).

Assess Requisition Aging to Better Employ Your Resources

In our dashboard, an HR manager or any supervisor at any given point get access to the jobs that are open, in which department, for how long the requisition is open and which recruiter is working on them. This gives an overview of the requisition age and if the strategy to find a suitable candidate needs to be tweaked. This also gives a clear idea about the recruiter’s productivity.

Optimize Your Recruitment Functions with SniperAI Talent Analytics

How do you assess the efficiency of your recruitment team? This depends on the objectives of your company. Are you growing and need to hire a significant number of new employees? Or perhaps you’re trying to land just a few crucial top-level roles. Whatever your objectives may be, stating them and then monitoring your progress using dashboards is a crucial step. Dashboards for recruitment are reporting tools that enable you to view KPI data and assess performance. Real-time information is displayed on dashboards to aid decision-making and synchronise hiring efforts with corporate goals.

SniperAI Talent Analytics is helping our clients globally in optimizing their hiring journey, improving recruiting efficiency and effectiveness, and assessing resource allocation by enabling AI and data-driven decision-making.