When you begin a hiring process, you should know where and how to search for potential candidates. Depending on the nature of work, the sources can be different. Let’s mention a few of them that you are probably familiar with:
The best way to get valuable information about your Source of Hire is through candidates. That includes both those who were rejected and those who became new employees.
When is the most appropriate time to do it? Some will say that you should do it before the final phases of the selection process. Others, however, suggest doing it after you’ve filled in the spot.
There’s no correct answer to this question. It can depend on various factors. What’s more common, though, is how you can learn more from your candidates.
Measuring your SoH has a downside, it’s not perfect. The source from which a candidate enters the hiring pipeline, is not necessarily the one from which he found out about the job opening. That’s why you can add another measuring to the initial one, specifically for new hires.
Now you should ask more than one question. Ask them how and where they’ve applied, as well as how did they find out about the position. Optionally, try to find out who or what motivated them to consider your job opening.
If you are using an Applicant Tracking System, calculating Source of Hire will be a lot easier task. It can keep records of every individual you’ve surveyed up to date, and create detailed graphs.
Practical and time-saving. Once you create the questionnaire, the ATS will do the heavy lifting. That includes sending the survey to hundreds of applicants with one click and creating the detailed analysis mentioned above. In general, ATS is a handy tool for hiring metrics and everything recruitment related.
There’s a lot more to learn about the Source of Hire. Sometimes it’s an underestimated metric, which can bring useful and valuable information if handled the right way. You should treat every metric in hiring as important. Once you grasp the potential of all of them, your hiring process should improve.