Which metric indicates the percentage of applications that lead to actual hires?

The yield ratio is a key metric used in talent acquisition to assess the effectiveness of the recruiting process. Specifically, it measures the percentage of applicants who eventually get hired compared to the total number of applicants. By calculating the yield ratio, organizations can identify how many candidates progress through the selection stages to become employees, providing valuable insights into the efficiency and success of the hiring process.

For example, if 100 applications are received and 10 of those lead to hires, the yield ratio would be 10%. A high yield ratio indicates that the recruitment process is effective at selecting suitable candidates, while a low yield ratio might suggest that the screening or selection process needs refinement.

The other metrics, while important, serve different purposes. The selection ratio measures the proportion of candidates selected compared to those who applied and focuses on the narrowing down of candidates rather than the overall effectiveness of initial applications. The source of hire metric looks at where successful candidates come from, providing insights into which recruitment channels are most effective but not directly measuring the conversion from applications to hires. Time to fill pertains to the speed at which positions are filled and does not indicate the conversion rate of applications into hires.