offer acceptance 4 rate - ebulletins · manager’s preferences and fine tune recruiting and...

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TIME-TO-HIRE 62% OF TA AND HR LEADERS RATE AN IMPROVED TIME-TO- HIRE AS THE TOP MEASUREMENT OF SUCCESS. 2 The time-to-hire KPI allows recruiters to see how long the process takes for good candidates and provides a view to management of how the recruitment process is performing. iCIMS’ reporting abilities identify and mitigate time-to-fill slowdowns, helping to shorten the company’s overall time-to-fill and save a significant amount of money. COMPARED TO 2010, IT NOW TAKES AN ADDITIONAL FIVE WEEKS TO FILL THE AVERAGE VACANCY, COSTING AN AVERAGE OF $11.25M PER 1,000 VACANCIES. 3 2 TIME-TO-FILL SOURCE OF HIRE 3 73% OF ALL JOB SEEKERS BEGIN THEIR SEARCH ON GOOGLE. 4 4 Tracking source of hire provides strong insight for matters like budget allocation and identifies how disruptors like Google for Jobs impact the source of your advertising traffic. OFFER ACCEPTANCE RATE 5 CANDIDATE SATISFACTION 78% OF CANDIDATES SAY THE CANDIDATE EXPERIENCE SERVES AS AN INDICATION OF A COMPANY’S VALUES TOWARDS ITS PEOPLE. 6 A standardized survey that measures candidate satisfaction gives amazing insight into a company’s recruiting processes. iCIMS allows users to send and receive these surveys as electronic forms through the system and makes all answers searchable and reportable. 6 QUALITY OF HIRE Similar to candidate satisfaction, quality of hire is best tracked through surveys via electronic forms during a specified interval. Tracking this feedback can help the recruiter learn the hiring manager’s preferences and fine tune recruiting and screening processes over time. iCIMS is the leading provider of talent acquisition solutions that help businesses win the war for top talent. iCIMS empowers companies to manage their entire hiring process within the industry’s most robust Platform-as-a-Service (PaaS). Built on the foundation of a best-to-market talent acquisition software suite, iCIMS’ PaaS framework, UNIFi, allows employers to expand the capabilities of their core talent acquisition technology by integrating with the largest partner ecosystem in talent acquisition to help them attract, find, screen, and manage candidates. Offering scalable, easy-to-use solutions that are backed by award-winning customer service, iCIMS supports more than 3,500 contracted customers and is one of the largest and fastest-growing talent acquisition solution providers. To learn more about iCIMS view our demo videos and go to www.icims.com. Connect with iCIMS on social media 32% OF COMPANIES REPORT EMPLOYEE REFERRAL PROGRAMS AS THE BEST SOURCE OF QUALITY HIRES. 7 1 PwC, The Talent Challenge: Adapting to Growth 17th Annual Global CEO Survey, 2015 2 Talent Tech Labs, 2017 State of Talent Acquisition Technology, 2017 3 CEB, CEB HR Leadership Council for Midsized Companies, 2015 4 CareerBuilder, Candidate Behavior research, 2015 5 IBM, The Far-Reaching Impact of Candidate Experience, 2017 6 CareerBuilder, 2017 Candidate Experience Study, 2017 7 LinkedIn, Global Recruiting Trends 2016, 2016 © 2018 iCIMS, Inc. All Rights Reserved. APPLICANTS ARE 38% MORE LIKELY TO ACCEPT A JOB OFFER IF THEY HAD A SATISFYING CANDIDATE EXPERIENCE. 5 The offer acceptance rate KPI provides insight into a company’s recruiting process and overall strategy. Low acceptance rates give reason to examine salaries, benefits, and/or the application experience as possible reasons why candidates do not take offers. 93% OF CEOS BELIEVE THEY NEED TO CHANGE THEIR STRATEGY TO ATTRACT AND RETAIN TALENT…BUT 61% OF THEM DON’T KNOW WHERE TO START. 1 The only way to know for sure how to improve your strategy is to examine the top recruitment KPIs to best track your strengths and weaknesses. 1 FROM TIME-TO-FILL TO QUALITY OF HIRE: TOP RECRUITING KPIs

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Page 1: OFFER ACCEPTANCE 4 RATE - eBulletins · manager’s preferences and fine tune recruiting and screening processes over time. iCIMS is the leading provider of talent acquisition solutions

TIME-TO-HIRE62% OF TA AND HR LEADERS RATE AN IMPROVED TIME-TO-HIRE AS THE TOP MEASUREMENT OF SUCCESS.2

The time-to-hire KPI allows recruiters to see how long the process takes for good candidates and provides a view to management of how the recruitment process is performing.

iCIMS’ reporting abilities identify and mitigate time-to-fill slowdowns, helping to shorten the company’s overall time-to-fill and save a significant amount of money.

COMPARED TO 2010, IT NOW TAKES AN ADDITIONAL FIVE WEEKS TO FILL THE AVERAGE VACANCY, COSTING AN AVERAGE OF $11.25M PER 1,000 VACANCIES.3

2TIME-TO-FILL

SOURCE OF HIRE373% OF ALL JOB SEEKERS BEGIN THEIR SEARCH ON GOOGLE.4

4

Tracking source of hire provides strong insight for matters like budget allocation and identifies how disruptors like Google for Jobs impact the source of your advertising traffic.

OFFER ACCEPTANCE RATE

5 CANDIDATE SATISFACTION78% OF CANDIDATES SAY THE CANDIDATE EXPERIENCE SERVES AS AN INDICATION OF A COMPANY’S VALUES TOWARDS ITS PEOPLE.6

A standardized survey that measures candidate satisfaction gives amazing insight into a company’s recruiting processes. iCIMS allows users to send and receive these surveys as electronic forms through the system and makes all answers searchable and reportable.

6QUALITY OF HIRE

Similar to candidate satisfaction, quality of hire is best tracked through surveys via electronic forms during a specified interval. Tracking this feedback can help the recruiter learn the hiring manager’s preferences and fine tune recruiting and screening processes over time.

iCIMS is the leading provider of talent acquisition solutions that help businesses win the war for top talent. iCIMS empowers companies to manage their entire hiring process within the industry’s most robust Platform-as-a-Service (PaaS). Built on the foundation of a best-to-market talent acquisition software suite, iCIMS’ PaaS framework, UNIFi, allows employers to expand the capabilities of their core talent acquisition technology by integrating with the largest partner ecosystem in talent acquisition to help them attract, find, screen, and manage candidates. Offering scalable, easy-to-use solutions that are backed by award-winning customer service, iCIMS supports more than 3,500 contracted customers and is one of the largest and fastest-growing talent acquisition solution providers.

To learn more about iCIMS view our demo videos and go to www.icims.com.

Connect with iCIMS on social media

32% OF COMPANIES REPORT EMPLOYEE REFERRAL PROGRAMS AS THE BEST SOURCE OF QUALITY HIRES.7

1 PwC, The Talent Challenge: Adapting to Growth 17th Annual Global CEO Survey, 20152 Talent Tech Labs, 2017 State of Talent Acquisition Technology, 20173 CEB, CEB HR Leadership Council for Midsized Companies, 20154 CareerBuilder, Candidate Behavior research, 20155 IBM, The Far-Reaching Impact of Candidate Experience, 20176 CareerBuilder, 2017 Candidate Experience Study, 2017

7 LinkedIn, Global Recruiting Trends 2016, 2016

© 2018 iCIMS, Inc. All Rights Reserved.

APPLICANTS ARE 38% MORE LIKELY TO ACCEPT A JOB OFFER IF THEY HAD A SATISFYING CANDIDATE EXPERIENCE.5

The offer acceptance rate KPI provides insight into a company’s recruiting process and overall strategy. Low acceptance rates give reason to examine salaries, benefits, and/or the application experience as possible reasons why candidates do not take offers.

93% OF CEOS BELIEVE THEY NEED TO CHANGE THEIR STRATEGY TO ATTRACT AND RETAIN TALENT…BUT 61% OF THEM DON’T KNOW WHERE TO START.1

The only way to know for sure how to improve your strategy is to examine the top recruitment KPIs to best track your strengths and weaknesses.

1

FROM TIME-TO-FILL

TO QUALITY OF HIRE:

TOP RECRUITING KPIs