Number of new hires as a percentage of approved job requisitions

This measure calculates the percentage of new hires out of total approved job requisitions. It is part of a set of process efficiency measures that help companies optimize their "manage new hire/re-hire" process by minimizing waste and refining resource consumption.

Benchmark Data

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Measure Category:
Process Efficiency
Measure ID:
104564
Total Sample Size:
1,447 All Companies
Performers:
25th Median 75th
- - -
Key Performance Indicator:
No

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Compute this Measure

Units for this measure are percent.

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(Total number of new hires / Annual number of job requisitions) * 100

Key Terms

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Process efficiency represents how well a process converts its inputs into outputs. A process that converts 100% of the inputs into outputs without waste is more efficient than one that converts a similar amount of inputs into fewer outputs.

Measure Scope

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Cross Industry (7.3.1)

  • 7.2.4.1 - Draw up and make offer (10463)
  • 7.2.4.2 - Negotiate offer (10464)
  • 7.2.4.3 - Hire candidate (10465)