When it comes to landing a new job, giving the right answers during the interview is everything. For recruiters, though, it’s important to understand that interviewees might not give the right answers if they aren’t asked the right questions. While the success of the interview largely falls on the applicant, some of it stays in the hands of the interviewer as well. If you’re looking to measure and improve hiring and recruiting practices, the first thing you need to consider is: Am I asking the right questions?Are you asking the right #interview questions? Click To Tweet
3 Metrics for Measuring Interview Success
Because job interviews are an integral part of the hiring process, metrics for measuring interview success are generally tied to the overall recruitment strategy. Here are a few of the most important metrics you can track to ensure your hiring plan is yielding the best possible results:
- Time-To-Fill: This data point refers to the time that elapses between the moment a job becomes available to when it’s filled. While it may seem like this data is far-removed from the interview, it provides useful knowledge for recruiters. For example, if the ratio of candidates dropping off after the interview phase doesn’t seem consistent with the rest of the hiring process, interviewers may need to revise their questions and approach.
- Application-To-Interview Ratio: The application-to-interview ratio refers to the overall number of people who apply for a given position compared to the percentage who actually get an interview. If the majority of people who want to be considered for an interview never get one, the initial stages of the hiring process may be too strict, causing the hiring manager to ignore someone who could adequately fill the open position.
- Interview–To-Offer: This metric is especially useful when coupled with other data points. It’s also the most direct indicator of the interviewer’s success. This number refers to the volume of people interviewed compared to the number who get a job offer. The greater the ratio, the less efficient the interview process. If the application-to-interview ratio is also high, there may be a problem with the initial phase of the hiring process. If the application-to-interview ratio is low, a high interview-to-offer ratio could indicate issues with the actual interview; specifically, the interview questions.
The Job Market is Always Changing, And So Should Your Hiring Process
Improving your recruiting metrics is important, but it’s even more important to understand that the process never ends. As the market continues to change, so will your candidates, their qualifications, and their expectations. What does this mean for a hiring manager? Constantly keep track of useful data points with the understanding that the process will continue to evolve. With every candidate you review, interview, and eventually hire, you gain valuable insight into the strategies that work (and don’t work) for your company.
Final Thoughts: How Will You Track Your Data?
Finding new hires isn’t easy; that’s why you need an efficient way to assess your recruitment process without cutting into time that should be spent finding the perfect applicant. At iDashboards, our goal is to provide this solution. By integrating data visualization into your hiring strategy, you can collect and review data easily. You can present this data to higher-ups in a concise format, focusing only on the data points that matter. If you’d like to know more about our HR data solutions, get in touch with a member of our team today to set up your free trial.Finding new hires isn’t easy; that’s why you need an efficient way to assess your recruitment Click To Tweet
Are you a hiring manager looking to improve your strategy? Start the conversation today by sharing this blog on social media!