What’s Great (and Not So Great) About Transactional Metrics
Transactional measures are essential. They provide a baseline and key starting point for a recruitment strategy. That’s why recruiters want to know things like how long it took and how much it cost to fill the role before.
At the same time, transactional measures reveal quantity, not quality. They tell us a number, but not the meaning behind the number. They are often easily accepted because they provide an indisputable figure – e.g., “time-to-hire has been cut by 30% as compared to the same quarter last year.” They sound good, but it gives an incomplete picture without an understanding of the more complicated dynamics associated With labor market trends, the quality and productivity of those new hires or hiring manager satisfaction. As is usually the case with numbers, there is far more to the story.
WHAT TO LOOK FOR IN A TRANSFORMATIONAL RECRUITING STRATEGY
- Feedback Loops
- Mulit-Speed Readiness
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