Delivered January 11th, 2021. Contributors: Joseph N. and
Job Description Platforms, Part 1
Columns C & D of the attached spreadsheet have been completed with the details about company overview, pricing, contracts, and features/functions. Below are brief overviews of the two companies profiled in Columns C & D of the spreadsheet.
Applied aims to make hiring fairer by simplifying the hiring process and eliminating bias in hiring. It claims that traditional hiring processes leak 60% of the best candidates from under-represented backgrounds.
Cost of hiring, traffic and sources of traffic, and time to hire are three examples of key KPIs for measuring the effectiveness of job ads / descriptions on online job boards. These KPIs assess various attributes of the recruitment process, including the return on investment, time consumed in the process, and the primary sources of traffic, among other aspects.
Overall, the cost KPI helps to identify the total recruitment time costs, how much the business is spending on hiring managers and the employees involved in the process, and the administrative costs linked to the new employee onboarding and training.
Companies can use the knowledge of their core sources of traffic for job ads to focus their spending on those channels that help onboard qualified candidates that are also interested in working for the company.
Overall, the time metric provides vast and in-depth insights into the time consumed in the hiring process, including how many candidates complete the application process start to finish, giving employers data to help them hire faster and provide a great hiring experience to the candidates.