Does anyone have an advice for how to measure the success of our hiring practices? We are looking for a way to show improvement in our hiring processes. We currently look at retention but that gives us information about overall employee engagement. We are looking for more metrics that will tell us specifically about the improvement of our hiring process. Thanks!
Here's an idea for another metric. If you make a positive change in the hiring process, those new employees should be able to get up to speed faster. Try relating hiring to time to proficiency.
You could do satisfaction surveys of new hires soon after they are hired. You might also survey the managers of the newly hired to rate their satisfaction.
I don't see how hiring processes could be related to time to proficiency. Seems to me to be totally unrelated - as is retention which you already mentioned. You could measure time involved in the hiring itself; but a measurement for time to proficiency can't be started until AFTER the person has been hired and actually started to do some work. The applicable time to measure for that would be after hiring (for the pre-test) up until time to proficiency (post test). Even then it is very difficult to measure definitively. You have to have very concrete performance objectives (and measureable criteria) in place. And it's hard to measure because every employee is starting from a different point - different skills, knowledge, and attitude. Every employee would have different time to proficiency numbers based on that, not the hiring process, so it would not relate to how efficient or fast the individual's hiring process was.
