One of the most efficient methods to gain a thorough understanding of what a ‘perfect recruitment’ looks like is Reporting each stage during the huge recruitment process. It can be done by assessing and reporting on your candidates or by analyzing the various processes and paying close attention to the kind of candidates that stay for the longest time and successfully climb the ‘company ladder’ fastest or farthest. The most important reports in terms of their importance are:
- Cost of Hire – 13%
- Source of Best Candidates – 35%
- Responses Summary – 10%
- Time to Hire – 26%
The source of most candidates is one of the most vital elements in the recruitment process. However, hiring processes are usually sector-specific and will never be the same for many businesses. When sourcing for candidates as ads through job boards, clarity is essential. It can be however expensive if these methods are not producing the correct outputs.
Table of Content
- Importance of Reporting
- Importance of ATS
- 5 Important Elements of An ATS Report
- Sourcing Report
- Time to Hire Report
- Cost of Hire Report
- Hiring Team Activity Report
- Customized Reporting
- Reporting Tool of TurboHire
- Reports Provided By TurboHire’s Reporting Tool
- 4 Most Useful Features of TurboHire’s Reporting Tool
- In Conclusion
Importance Of Applicant Tracking System
What is clear is that most, if not all organizations, see an incentive in reporting. In the event that your organization is one of those that are presently unable to report or whose reporting capacities are wasteful, there are ATS platforms that can give you a high level, an all-in-one reporting module that gives you the adaptability to figure out which reports you to require and which are essential to your business. Having access to this data progressively will permit you to persistently improve your recruitment process and furthermore take into account the exact amount of spending plan to the assets that produce the best results for you.
To make sure that the reporting is exactly the way you want it, so it helps you to rise the hiring standards, cut recruitment costs, using an ATS software will only benefit you.
5 Important Elements Of An ATS Report
1. Sourcing Report
Sourcing Reports can uncover a huge load of data about how well your marking strategies are functioning and what roads are really received by your candidates. Sourcing Reports can reveal to you whether paid ads and the hiring teams are viable in netting applicants. You will likewise discover how significant your career pages and social media pages are with regards to pulling in candidates.
2. Time to Hire Report
The analysis of time to hire can give you an idea as to what parts of the recruiting cycle are slacking and where bottlenecks are happening. By breaking down these reports, areas that need improvement might be promptly distinguished.
3. Cost of Hire Report
The cost of a hire of every single hire must be measured, no matter the reason. Various elements like recruiter payment, external or internal, are commonly measured while evaluating.
However, there are a few more factors that should be considered while making a report on the cost of hire, as follows:
- Any placed advertisements.
- The set-up and maintenance of social accounts such as Twitter, Facebook, and LinkedIn.
- Time spent interviewing candidates.
- Any administrative or accounting costs involved like contracts, pay accounts, health benefits, and more.
4. Hiring Team Activity Reports
The recruitment team of an organization might be spending an ample amount of effort and time on a single phase of the employing process. This data will be revealed on the recruiter’s activity report and hence issues can be analyzed. Using these reports, you can track if team members are getting bogged down with too much work or if a certain recruiter is taking too much time.
When you review the recruiting team activity, you will be able to figure out how to save labor hours and streamline the hiring process.
5. Customized Reporting
Each organization is unique, so Custom Reporting can be a valuable option. Recruiters may appear to be extremely unique than employing duplicate editors, so the capacity to make modified reports can prove to be useful for tying down top ability and sorting out some way to continue with future recruitment. Custom Reporting can likewise be helpful for transferring employing data and progress to high-level administration.
Reporting Tool Of TurboHire
The Reporting tool of TurboHire measures progress and generate insights that help you deliver rich reports. TurboHire has the option of customizing reports for every stage of the recruitment process. Reporting with TurboHire can help you capture candidate activity, recruitment progress, discover bottlenecks, and more.
Reports Provided By TurboHire’s Reporting Tool
1. Candidate Engagement – To measure the effectiveness of your email campaigns.
2. Recruitment Activity – To measure and improve your recruiter productivity.
3. Source Reports – To understand the value of sourcing from various channels.
4. Custom Reports – To tracks activities in your preferred formats using customizable reports.
5. Integrations – Utilize TurboHire’s APIs to integrate your recruitment data to the recruitment platform of your choice.
The hiring reports and the data associated with them are valuable to every individual who, somehow, is associated with hiring for the company: from the head of talent and the accounts team to the employing manager and the team. Utilizing the information you get from these reports, you can settle on essential choices dependent on facts, as opposed to driving or habitually; you can contrast your hiring objectives and the genuine outcomes, focus areas for development and perceive how your recruitment process gets more powerful over the long haul.
4 Most Useful Features of TurboHire’s Reporting Tool
- Reports on recruiter activity, sourcing, and job performance
- Candidate Activity Tracking
- Interactive reporting features
- Customized Reporting Generation and Dashboards
TurboHire’s Reporting process driven by AI uses all the above-mentioned features and more to give you an in-depth look into your recruiting process. Recruiters would now be able to use the intensity of AI for making reports through features and tools that help them calculate and analyze all the data and information to see if your company is actually producing results. The list of features highlighted above makes TurboHire unique so as to make your recruitment team more efficient.
The recruitment process of a company starts from pre-screening to onboarding a candidate. Reports should also record data from the pre-screening recruitment process to hiring, onboarding a candidate, and even after that. TurboHire’s reporting module will aid a company to identify any bottlenecks present that may provide any hamper to the growth of the company.
On account of medium size organizations, they for the most part have the training to produce a report however a couple of organizations really survey reports precisely and set up an activity plan dependent on report investigation. Interpretation of reports is similarly significant as to create reports. On the off chance that you have great reports yet you do not put anything action-based dependent on the analysis of such great reports then there is no meaning of such great reports.
Preferably, reports can be calculated for every day, or every week or month, semester, year depending on the requirement and the nature of the reports required by the company. Along these lines, you’ll choose where your team should invest energy and assets.