![]() Freshteams, JazzHR and Breezy HR are a few options. How to Track the Application Completion RateĪpplicant tracking software with performance metrics is what many recruiters use for tracking the application completion rate. Instead, collect only the basic information you need to qualify candidates and remove any sections that could be handled later in the interview process. While you may think you’re weeding out unqualified candidates with a more thorough application, you’re actually weeding out top candidates who know their worth. This recruitment metric is a strong indicator of the complexity of the application process.Ĭonsider that 60 percent of sales candidates quit in the middle of a job application if they feel the process is too complex or time-consuming. Why Track the Application Completion Rate? The application completion rate compares the number of people who start filling out an application with the number of people who actually submit a completed application. Application Completion Rate What Is the Application Completion Rate? Once you’ve gathered all the data, add it up and divide by the total number of open roles.Ģ. Your applicant tracking system should have most of this information, but you’ll also want to check with your hiring team to see if individuals have reached out to candidates outside of the ATS. Start by gathering the total number of applications completed from each source where candidates applied, including job boards, referrals or social media platforms. Total number of applicants in a set period of time Total number of open roles in the same period of time How to Calculate the Average Applicants Per Job Opening You should research your industry average as a benchmark to check against until you have enough statistics of your own to compare from candidate to candidate. But that number is highly dependent on the industry, open role and physical location of your company. ![]() The average number of applicants per open role is 118. What Is the Average Number of Applicants-Per-Opening? If applicants reach out to recruiters outside of an applicant system, you can record entries in a spreadsheet like Microsoft Excel or Google Sheets. You can track applicants-per-opening by adopting applicant tracking software, such as Workday, Lever and Greenhouse. Look into which platforms are performing well and adjust where you allocate resources and pursue recruitment marketing efforts that are yielding the best candidates. If you have a low number of applicants or a high number of unqualified candidates, you need to rework where and how you attract candidates. ![]() ![]() The number of people who apply for a job is an indicator of your recruitment marketing efforts. Applicants-Per-Opening What Is Applicants-Per-Opening?Īpplicants-per-opening is the number of people who complete an application for an open role. As a result, teams can find ways to simplify the recruiting process, reduce expenses and locate candidates ready to contribute to a company’s success.Ĩ Most Important Recruiting Metrics 1. Recruitment metrics provide insights that enable teams to pinpoint slow or inefficient workflows, determine whether job postings attract qualified candidates and weigh short- and long-term costs. Gauging how you perform in relation to similar businesses is a good way to get started with recruiting metrics if you don’t have enough data of your own yet. ![]() To develop accurate measurements, companies often create benchmarks by comparing their numbers against competitors or industry averages. The goal is to help recruiting teams find ways to improve their recruiting methods. Recruitment metrics are measurements that provide data on candidate behavior during and after the application process. We’ve broken down the eight most important recruitment metrics you should focus on, including the business impact of each metric and how to calculate them. You may be asking yourself: What do the numbers actually mean, and now that I have the metrics, how do I implement change? There are a variety of ways you can measure the success of your recruitment efforts, and it can quickly become overwhelming. ![]()
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