What are Source of Hire Metrics?

One of the attractive benefits of working with a Professional Employer Organization (PEO) is recruitment assistance and new hire support. PEOs assist employers with job descriptions, employment postings, resume screening, applicant interviews and compensation structures… and when a new employee is brought on; I-9 verification, new hire forms, orientation programs and more!

PEOs certainly make the hiring process less stressful and less time consuming for the employer, but did you know that it’s technology that actually tends to be one of the greatest strengths PEOs bring forth? Technology, particularly Source of Hire Metrics, provide employers with the data they need to identify bottlenecks in the application/recruitment process and fix any existing problems that may be hindering opportunity with great candidates.

Many PEOs utilize Source of Hire Metrics as a powerful tool in the recruitment process. Source of Hire Metrics accurately capture important recruiting metrics, such as the number of candidates that click on a particular job link or advertisement, the number of applications, the source of the lead, keywords that drive candidates to your landing pages, how candidates navigate your website, and more.

Source of Hire Metrics provide employers with insight into the recruitment funnel and measure how well they are doing at converting candidates from one stage to the next. They also identify which channels aren’t working, so that employers can stop wasting recruitment or marketing dollars on particular platforms.

For an individual employer without a large HR department, or strategic PEO partnership, the cost of this specialized technology cannot often be justified. It’s too large of a financial burden, and requires time and resources to be able to review on a consistent basis. When working with a PEO though, it’s just one of the many benefits the employer can take advantage of!

To learn more about Source of Hire Metrics, and the recruitment and new hire support of a Professional Employer Organization, contact Employer Solutions Plus.