The quality of hire measurement is the most valuable metric employers use to track their recruiting function, finds new research from LinkedIn.
About four in 10 (39 percent) of nearly 4,000 corporate talent acquisition managers from 40 countries agreed that quality of hire is the most valuable metric for performance, although that is a dip from the 44 percent who said so in 2014. Other notable findings from the report include employers’ continued use of employee referral programs, increased investment in employer branding, and the disconnect between employee retention emerging as a top priority in the year ahead while internal mobility is overlooked.
According to LinkedIn’s Global Recruiting Trends 2016, the time-to-fill metric increased slightly as the most important benchmark to gauge recruiting performance, from 25 percent in 2014 to 28 percent. This is due to the urgency to fill roles, said Stephanie Bevegni, content marketing manager for LinkedIn’s Talent Solutions. “But quality of hire continues to be the most valuable performance indicator. Most companies are measuring quality of hire with feedback methodology, such as new hire evaluations and hiring manager satisfaction, or a long-term methodology like employee retention.”
