Recruitment Funnel

What is Recruitment Funnel 

The recruitment funnel is a structured process that breaks down the hiring journey into stages, starting from attracting potential candidates to moving toward the final step of making a hire. It resembles a traditional funnel, where the top is wide, representing a large number of applicants, and it gradually narrows as candidates are screened, interviewed, and shortlisted until only the most suitable individuals remain. The stages typically include sourcing, application, screening, interviewing, and selection, and they help recruiters streamline the hiring process to ensure only the best-fit candidates advance forward. 

Recruitment Funnel metrics 

Recruitment funnel metrics are the key performance indicators used to measure the efficiency and effectiveness of each stage in the funnel. These metrics include the number of applications received, the conversion rate from one stage to the next, the time taken to move candidates through the process (time to hire) and offer acceptance rates. Tracking these metrics helps organizations identify areas of strength or weakness in their recruitment strategy, optimize processes, and improve decision-making. For instance, if there’s a high drop-off rate after the interview stage, it may indicate issues with the interview process or candidate expectations. Recruitment funnel metrics enable recruiters to make data-driven improvements to attract, engage, and hire top talent more effectively. 

How Mercer | Mettl can help 

Mercer | Mettl, a leading assessment provider, helps your organization automate and streamline the hiring process with Hiretrack, an end-to-end virtual hiring platform. Hiretrack’s state-of-the-art applicant management allows you to create and customize workflows with ease and flexibility. It also allows you to measure a candidate’s psychometric, cognitive, and competency grading using Mercer | Mettl assessments. Furthermore, with Hiretrack, hiring managers can administer structured online interviews with collaborative tools and grading.