Maximizing Success with Candidate-Centric Recruitment

In the world of recruitment, the spotlight is increasingly shifting towards candidates. While companies have long emphasized finding the right fit for their organization, today’s approach to hiring emphasizes the importance of candidate-centric practices. As reported by Cielo, more than 90% of HR professionals believe that better candidate experiences correlate with higher-quality hires. 

This is why it is important to measure return on investment (ROI) in recruitment. ROI in hiring measures the efficiency and effectiveness of a company’s recruitment process in relation to the resources invested. It assesses the value gained from the process which can be measured through these key metrics:

• Time-to-Hire. This refers to the duration it takes from the application of a candidate to their acceptance of the offer. Reducing time-to-hire enhances efficiency and ensures top talent isn’t lost to competitors.
• Cost-per-Hire. This calculates the total expenses incurred during the hiring process divided by the number of hires made. Minimizing cost-per-hire is essential for maintaining financial efficiency while attracting top talent.
• Quality of Hire. This means assessing the performance and contributions of new hires over time. This provides insights into the effectiveness of the recruitment process in securing candidates who align with the company’s goals and culture.
• Offer Acceptance Rate. This is the percentage of job offers accepted by candidates. A high offer acceptance rate shows effective communication, attractive compensation packages, and alignment of candidate expectations with company values.
• First-Year Attrition. This is measuring the rate at which new hires leave the organization within their first year. Low first-year attrition indicates successful onboarding and alignment of expectations between the company and the candidate.
• Employee Net Promoter Score. This evaluates employees’ willingness to recommend their organization as a place to work. A high NPS suggests employee satisfaction, engagement, and a positive employer brand, which in turn attracts top talent.

Prioritizing candidates in the hiring process is not merely a trend but a strategy for businesses seeking sustainable growth and success. By adopting a candidate-centric approach, organizations can enhance their recruitment outcomes and achieve a competitive edge in the talent market.

Continuous improvement and adaptation are essential in an evolving recruitment landscape. Are you ready to apply these to your hiring process and maximize ROI? Sign up for our free trial today and experience the benefits of a candidate-centric approach firsthand.

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Kalibrr is a recruitment technology company that aims to transform how candidates find jobs and how companies hire talent. Placing the candidate experience at the center of everything it does, we continue to attract the best talent from all over, with more than 7 million professionals and counting. Kalibrr ultimately connects these talents to companies in search of their next generation of leaders.

The only end-to-end recruitment solutions provider in Southeast Asia, Kalibrr is headquartered in Makati, Philippines, with offices in San Francisco, California, and Jakarta, Indonesia. Established in 2012, it has served over 18,000 clients and is backed by some of the world’s most powerful start-up incubators and venture capitalists. These include Y Combinator, Omidyar Network, Patamar Capital, Wavemaker Partners, and Kickstart Ventures.

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