In today's competitive job market, especially in Thailand’s thriving industries such as manufacturing,  logistics, infrastructure, and  life sciences, understanding and tracking the right recruitment metrics is essential for success. 

Monitoring these metrics can help streamline your hiring processes, reduce costs, and attract better talent.

What is recruitment metrics

Recruitment metrics are key performance indicators (KPIs) used to measure the effectiveness and efficiency of a company's hiring process. 

These metrics provide valuable insights into various aspects of recruitment, such as the time it takes to hire a candidate, the cost of recruitment efforts, the quality of new hires, and the effectiveness of different sourcing channels. 

By analysing recruitment metrics, businesses can optimise your hiring process, improve decision-making, and ensure you attract the right talent. Here are the 8 key metrics every business should focus on.

Top 8 key recruitment metrics that you should know

1. Time to Hire

One of the most critical recruitment metrics is Time to Hire. This metric measures the number of days between when a job opening is posted and when a candidate accepts the offer. 

For businesses, especially in the logistics and manufacturing sectors, reducing time to hire can help avoid losing candidates to competitors. By tracking this metric, you can identify delays in your recruitment process and make the necessary improvements to streamline hiring.

2. Cost per Hire

Another vital recruitment metric is Cost per Hire. This metric evaluates the total recruitment cost involved in hiring someone, this includes advertising, recruitment agency fees, and administrative expenses. 

Cost per Hire varies depending on industries and competition. Optimising cost per hire metric can help businesses remain cost-efficient while still attracting high-quality talent.

3. Quality of Hire

Quality of Hire is one of the most important recruitment metrics as it measures the value a new employee brings to the company. In industries like life sciences and manufacturing, hiring the right person is the main factor for success. 

Quality of hire can be measured through performance reviews, productivity, and overall contribution during the first year. Tracking this metric ensures that your recruitment efforts are aligned with long-term business goals.

4. Offer Acceptance Rate

The Offer Acceptance Rate is a key recruitment metric that indicates how often candidates accept job offers. A low acceptance rate can suggest problems with the offered salary, benefits, hiring processes or company culture. 

Competing for top talent, especially in specialized fields like logistics or infrastructure, monitoring this metric ensures that the company remains attractive to potential employees.

5. Source of Hire

Knowing where your successful candidates come from is another essential recruitment metric. Source of Hire measures the effectiveness of different recruitment channels, such as job boards, employee referrals, or recruitment agencies. 

Identifying the most effective hiring sources can improve resource allocation and increase the chances of finding top talent.

6. Candidate Experience

Candidate Experience is a recruitment metric that measures the overall satisfaction of candidates during the hiring process. In Thailand’s competitive job market, a positive candidate experience can differentiate your company from competitors. 

This metric is vital for attracting skilled candidates in sectors like life sciences and manufacturing, where the recruitment process can be complex and lengthy.

7. Retention Rate of New Hires

Tracking the Retention Rate of New Hires is a key recruitment metric for understanding how well new employees integrate and stay with the company. 

A high retention rate indicates a good fit between the candidate and the company’s culture, which is especially important in industries like manufacturing and life sciences, where training and development are often required.

8. Diversity in Hiring

Incorporating Diversity in Hiring as a core recruitment metric is essential for fostering innovation and creativity in your workforce. 

Tracking this metric ensures that your recruitment process promotes an inclusive and diverse workplace, which is increasingly important for businesses across Thailand’s industries.

 

Recruitment metrics are essential for success to hire the best talent.

Recruitment metrics are essential for hiring the best talent and achieving long-term success. By closely monitoring these key metrics, businesses across industries such as manufacturing,  logistics,  infrastructure, and life sciences can significantly enhance their recruitment strategies.

Understanding and tracking these metrics not only optimises the hiring process but also ensures companies remain competitive in today’s fast-evolving job market. A focus on recruitment metrics leads to smarter hiring decisions, better workforce planning, and the ability to attract, hire, and retain the right talent in a competitive environment.

As Thailand's leading recruitment agency, with expertise in manufacturing, logistics, infrastructure, and life sciences, we connect businesses with highly skilled, technically proficient professionals with strong English communication abilities across Thailand and Southeast Asia.

Whether you’re an employer or a candidate, we can help you take advantage of the current market, grow your business, or progress your career.

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