100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
SHRM Talent Acquisition $10.39
Add to cart
Quickly navigate to
Preview
  2.  
  3. SHRM Talent Acquisition
  4.  
  5. SHRM Talent Acquisition

Exam (elaborations)

SHRM Talent Acquisition

 0 purchase
  • Course
  • SHRM Talent Acquisition
  • Institution
  • SHRM Talent Acquisition

SHRM Talent Acquisition Applicants Per Opening ️Gauges the job's popularity. A large number of applicants could indicate high demand for jobs in that particular area, or a job description that's too broad. # of Submitted Applicants / Per Opening ️Applicants Per Opening Formula Applicati...

[Show more]

Preview 2 out of 14  pages

Document information

  • September 3, 2024
  • 14
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

Written for

  • SHRM Talent Acquisition
  • SHRM Talent Acquisition

Seller

avatar-seller
CertifiedGrades

Reviews received

Content preview

SHRM Talent Acquisition
Applicants Per Opening ✔️Gauges the job's popularity. A large number of applicants could indicate high
demand for jobs in that particular area, or a job description that's too broad.



# of Submitted Applicants / Per Opening ✔️Applicants Per Opening Formula



Application Completion Rate ✔️Tracking this rate helps hiring managers optimize their recruitment
process. Finding the right talent is a difficult task, therefore they need to make sure there are not
unnecessary drop-offs.



# of Submitted Applicants / Total # of Candidates Who Started an Application ✔️Application
Completion Rate Formula



Candidate Experience ✔️The candidates impression of the overall recruitment process, from the
moment the candidate peruses your website for available jobs, to completing the application, to
interviewing, and finally to receiving the job offer.



To gather this data, you will need to obtain the information from the candidates. This can be done via a
survey. By tracking surveys, you will be able to see the positives and negatives with your recruiting
process from the candidate perspective.



App Abandonment Rate% = # of Candidates that Quit the App Process /# of Candidates that began Filling
Out the App x 100 ✔️Candidate Experience Formula



Candidate Job Satisfaction ✔️An excellent way to track whether the expectations set during the
recruiting process match reality. A low candidate job satisfaction rate highlights a mismanagement of
expectations or incomplete job descriptions. A realistic job preview can work to prevent misconceptions
about the job.



This, like the applicant experience, can be measured by surveys presented to the new employee.



1. Calculate the total # of candidates polled (1,000)

, 2. Count the Total # of positive responses (200)

3. Divide the # of positive responses by the total # of candidates (0.02)

4. Multiply the quotient by 100 = 20% ✔️Candidate Job Satisfaction Formula



Cost per Hire ✔️Total cost invested in hiring divided by the number of hires. This normally includes
advertising costs, recruiting agency fees, candidate expenses (on-boarding time), training costs, etc. By
quantifying all the categories, you can then calculate the total recruitment cost.



Total Internal Cost + Total External Cost (Total Recruitment Cost) / Total # of Hires ✔️Cost per Hire
Formula



First Year Attrition ✔️Track the total # of new EE who stayed with your organization for a year, from
the total # of EE you had when that period began. Measuring first year attrition provides insight into
whether or not you are meeting the candidate's expectations or perception of the job, versus the reality
of it. The rate also provides an indication of whether or not you need to find out why the perception
versus the reality differ and implement a fix to the issues.



(Total # of EE who left / Total EE at Start of Period) x 100 ✔️First Year Attrition Formula



Hiring Manager Satisfaction ✔️Recruiting metric that in indicative of successful recruiting metrics.
When the hiring manager is satisfied with the new candidate, the candidate is likely to perform well, and
become a true team member. In other words, the candidate is more likely to be identified as a
successful hire for the manager



You can use a tool like Survey Monkey. Data from leading or closed satisfaction questions and ranking
questions can also help identify what is working, and what needs improvement.



Offer Acceptance Rate ✔️Tracks how many of the offers you extend to candidates are accepted, and
normally is tracked after the application and interview processes have been completed.



When candidates do not accept the offer, it can be very frustrating for the team, as they have worked
tirelessly to move the candidate through the recruitment process. Tracking the rates over time will allow
you to see how effective your recruitment strategies are in your organization.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller CertifiedGrades. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $10.39. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

69252 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling
$10.39
  • (0)
Add to cart
Added