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Source Of Hire
Source of Hire (SOH) is the metric to determine the percentage of the overall hires entered in the pipeline from a particular source or referral. This information can help in allocating the recruiting budget more effectively.
Importance of Source of Hire
- It measures the effectiveness of recruiting efforts
- Allocating resources to the appropriate channels
- Improves the quality of future candidates
- Provide Insights
- Reduction in Costs
Limitations of Source of Hire
- Candidates pass through multiple sources
- Focusing on hires overlooks qualified candidates who came close to getting hired
- May not always justify reallocation of sources
