This video is available to ERE Pro subscribers

Subscribe to watch

Already a member? Log in

Strategic Metrics: Building Proactive Strategies for Recruiters & Sourcers

June 4, 2024 · Talent42 2024 ·

About this video

Recruiting metrics only matter if someone owns them before a hiring manager starts asking uncomfortable questions. The material here covers how to move from reactive scrambling to a proactive, defensible data story, whether the environment is a bootstrap startup running everything out of a spreadsheet or an enterprise ATS with built-in reporting.

Key ideas include:

  • Treating data review as a recurring task, the same way time is blocked for sourcing or phone screens, so pipeline themes are already understood before a stakeholder asks a question.
  • Learning the strengths and gaps of whatever platform is in use, including how stages are gated and what a pass-through rate actually measures, so answers don't depend on waiting for a vendor rep.
  • Building a manual tracker in a spreadsheet when no real system exists, and using hashtags or notes to flag changes like new interview question sets that can quietly wreck conversion rates.
  • Watching whether a drop or spike at one funnel stage correlates with better or worse offer outcomes downstream, rather than treating every dip as automatically bad.
  • Setting SLAs with hiring teams and recruiters alike, such as response times on referrals or app review cadence, and checking that the sum of those SLAs doesn't exceed the agreed time-to-fill.
  • Using historical or market benchmark data, including AI tools for quick estimates, when no internal baseline exists yet.
  • Calculating cost per hire and cost per stage using interview hours, headcount involved, and pass-through rates, so a stalled search can be translated into a dollar figure that gets attention from finance-minded stakeholders.
  • Recognizing that qualitative context, a new question set, a change in sourcing channels, a shift in team ownership, is what explains the quantitative swings, and that this context only surfaces from regular, close attention to the numbers.

A real example involves a sudden collapse in onsite-to-offer conversion after a technical team quietly changed its interview questions, and a separate case where hundreds of hours and six-figure spend went into a search that produced no usable offers because no one was tracking cost against outcomes. Both illustrate what happens when data ownership is left to chance rather than built into a daily or weekly habit.

Strategic Metrics: Building Proactive Strategies for Recruiters & Sourcers | ERE Pro