In simple words, the Yield ratio or Yield rate is used to measure the percentage of candidates were hired out of the total applications received. It is an HR metric, that is used to measure the efficiency of each stage during the staffing process. It is an essential metric to assess how well the hiring processes are working. The main objective behind calculating the yield ratio is to find the source that gives the best candidates at a low cost.
How to calculate the Yield ratio?
Formula to calculate Yield ratio:
The number of candidates at the end of that stage is divided by several candidates at the beginning of that stage.