“Candidates per Hire”

Candidates per Hire Meaning

Candidates per hire (CPH) is a business metric used to evaluate the efficiency and effectiveness of a recruitment process. It is used to measure the number of candidates interviewed versus the number of successful hires or job offers. The CPH metric helps employers and recruiters identify areas of their hiring process that need improvement.

By understanding the CPH in relation to their recruitment efforts, businesses can make sure their resources are being used efficiently and effectively to source the best candidates.

Importance of Candidates per Hire

Candidates per hire is a critical metric to track in order to make informed decisions about a business. The ability to measure the efficiency of the recruiting process allows employers to identify opportunities to cut costs, improve processes, and ultimately hire

better people. With a clear understanding of the CPH ratio, recruiters can optimize their hiring efforts and make better informed decisions about their candidate search.

How to Calculate Candidates per Hire?

It is calculated by taking the total number of candidates who were interviewed versus the total number of hires or offers made. The formula for this metric is Total Interviews/Total Hires or Offers Made = Candidates per hire. For example, if 50 candidates are interviewed and 10 are hired, then the CPH would be 5. This means that for every 5 candidates interviewed, 1 was successfully hired.

FAQs

How is the candidates per hire ratio calculated and what insights can it provide?

The candidates per hire ratio is calculated by taking the total number of candidates interviewed versus the total number of hires or offers made. This ratio can provide valuable insights into the efficiency and effectiveness of the recruitment process, helping employers better understand their hiring needs.

How to Improving Candidates Per Hire?

Improving the candidate per hire ratio involves optimizing the recruiting process, making sure that the right people are being sourced and interviewed accurately. Here are some ways to improve the CPH ratio:

• Identify ideal candidatesIdentifying ideal candidates for a position will help to ensure that only the right ones are screened and considered.
• Streamline screening processStreamlining the screening process helps to make sure more qualified candidates are identified and interviewed in an efficient manner.
• Set realistic goalsSetting realistic goals for the recruitment process helps to ensure that the right hires are made without compromising time and resources.

Also See: Candidate Portal | On roll job