As a recruitment director you are always looking for the best candidates out there. You want to continuously reduce the cost and time spent on a single candidate, but you also want to ensure you’ve got the right candidate. Because, let’s face it, talent would do the job, but only the right talent would excel at doing so. For that reason, what you want to achieve is finding the right balance between reducing your Time to Hire and Cost per Hire while preserving high Quality of Hire. 

But, what would those mean if you are not even aware of what happens right at the very beginning of the candidate journey – measuring the source of hire, and right before the final step – measuring the application form abandonment rate? 

So, let’s look at how to measure Time to Hire, Cost per Hire and Quality of Hire and learn why the not-so-common source of hire and application form abandonment rate are two more of the metrics recruitment directors love.