Data-driven hiring hasn’t always been an easy concept to implement – disparate data sources, metrics, and reporting timelines all contribute to lag, confusion, and barriers to making data-driven decisions. That’s why we’ve added real-time hiring analytics to Prosperix VMS Network, where you can view your contingent hiring program’s relevant metrics in one place. As a hiring business, here’s an overview of the real-time analytics we provide your team:
Inventory
In this section, you can get an overview of the scale of your contingent hiring program, with insight into the total number of:
- Published Jobs
- Total Jobs Under Review
- Open Jobs
- Jobs Without Candidates
- Closed Jobs
- Category Breakdown
- Positions By Geography
Pipeline Activity
In the pipeline activity section, you can view the number of qualified and disqualified candidates in each stage of the hiring process, giving you insight into how many candidates are progressing through your pipeline at any given time.
Performance/Coverage KPIs
Your Coverage KPIs show the percentage of candidates that pass through each stage of your hiring process, giving you a better understanding of how many candidates are progressing to the next stage.
Pipeline Speed
Pipeline Speed indicates the average time that each candidate spends at each stage of the hiring process, so that you can better understand bottlenecks and areas of opportunity for increased efficiency.
Hires (Starts)
In the Hires section, you can view data that shows how many submittals at each stage of the hiring process it takes (on average) to generate a successful hire.
Pipeline Velocity
Pipeline Velocity data shows how long it takes on average to get to a successful hire from each stage in the hiring process, to give your team a comprehensive look at what they can expect from a timeline perspective.
Candidate Quality & Disqualification Reasons
In this section, you’ll see how many of your candidates are disqualified, how many of them are accepted, and how many are hired vs. how many are disqualified at each stage, with the specific reasons for disqualification shown as a percentage of the whole, providing actionable insight for improvements to your hiring program.
Rate Compliance - Pay Rate/Bill Rate
To understand your costs, you can view how many submittals are coming in at your approved pay rate or bill rate.
Placement History
Placement history gives you a comprehensive overview of all of the hires that have been made in your contingent hiring program, as well as the current worker status.
Activity
In the Activity section, you can view the total number of hiring events generated by users, providing a glimpse into the overall activity of your contingent hiring program.
If you’re interested in taking a more data-based approach to your contingent hiring, schedule time to talk with our team by clicking on the button below:
