Recruiting Conversion Rate
More about Recruiting Conversion Rate
How often to calculate: monthly or quarterly.
Healthy rate: above 75%.
Recruiting conversion rate means the share of successful candidates employed among all the vacancies opened during a specific period. This KPI for HR department is a perfect way to determine whether the recruitment team copes with its duties. If recruiters cannot fill the majority of the vacancies with qualified candidates, the chosen recruitment strategies are failing, and a company doesn’t get a return on investment.