Recruitment Funnel Effectiveness
A recruitment funnel is a structure that helps a recruiter shape the recruitment process step by step from start to end. Maintaining an effective recruitment funnel helps one to manage the various hiring steps efficiently. Appointing a suitable candidate is the most challenging task as the recruitment market is populated with talents. The recruitment funnel can be divided into 7 major stages:
- Awareness
- Attraction
- Application
- Interest
- Pre-selection
- Interview
- Hiring
The recruitment funnel helps you to simplify the hiring process by filtering each step and dividing it into tasks. Managing these stages is very difficult but it can be made much easier by measuring recruitment metrics with the help of the latest digital tools.
Top 5 recruitment funnel metrics
- Quality of hire
- Cost per hire
- Source of hire
- Time to hire
- Recruitment funnel effectiveness