Tracking analytics is pivotal in gathering and interpreting the data necessary for making informed recruitment decisions. It improves the accuracy of candidate evaluations and provides real-time insights and quantifiable return on investment (ROI) metrics.
According to the Future of Recruiting Report by LinkedIn, 87% of recruiting experts find talent attraction to be more strategic than ever. Gartner's insights reveal that 36% of recruitment leaders find their talent-sourcing strategies inadequate in meeting skill requirements.
Their solution? A focus on cultivating intelligence-based sourcing capabilities.
inploi Analyse empowers recruiters by offering a comprehensive view of their hiring funnel. It serves as a single data source, eliminating the complexities of managing multiple data points and resolving analytical discrepancies. It provides valuable insights into the ROI and effectiveness of talent attraction strategies.
Let’s explore the significance of measurable ROI and the role of inploi's technology in assisting businesses in leveraging essential recruitment metrics.
Successful recruitment involves quantifiable results, where numerical insights and experiential knowledge intersect. Understanding metrics like candidate drop-off rates, cost-per-hire, and cost-per-application is therefore vital.
Additionally, analysing recruitment channels, campaigns, and media platforms yielding the best outcomes is essential to optimise recruitment efforts. This knowledge facilitates informed decisions regarding the identification and engagement of suitable talent effectively. It also aids in monitoring the candidate/applicant journey until conversion and ensures successful onboarding, thereby preventing erroneous selections.
A recent report by McKinsey underscores the significance of people analytics, revealing that organisations extensively utilising such data witness an impressive 80% rise in recruiting efficiency, a 25% boost in business productivity, and a 50% decrease in attrition rates. This data-driven approach highlights the importance of leveraging metrics to measure ROI, sidestep recruitment pitfalls, and ultimately refine hiring strategies.
inploi's innovative HR technology assists businesses in saving time and effort during the hiring process, helping enterprises gain crucial insights into the effectiveness of their talent-attraction endeavours.
With inploi, you can:
What sets inploi’s adaptable HR tech apart is our ability to track metrics like cost per hire and cost per application. This helps businesses make recruitment decisions with informed insights. We enable you to centralise data and boost decision-making confidence by offering a comprehensive view of attraction, conversions, and job ad placements.
inploi Analyse also provides benchmarking, forecasting, and customisable reporting, ensuring data-driven decision-making. Seamless integration with existing ATS systems and market intelligence from dedicated data scientists further enhance recruitment processes.
With inploi's comprehensive reporting and analytics solutions focusing on key metrics to quantify ROI, Wagamama, a UK restaurant chain, experienced a 30% decrease in cost per hire. Similarly, Compass Group UK&I achieved a 47% reduction in cost per acquisition for critical roles.
Harness intricate analytics for precise recruitment decisions and supercharge your hiring strategy. Speak to our team today to learn more.