Source Of Hire

The source of hire refers to the origin or the channel through which a company identifies, attracts, and recruits qualified candidates for open roles. It is a metric used to determine the effectiveness of a company's recruiting strategy and helps HR professionals make data-driven decisions to optimize and allocate resources effectively.

There are various sources of hire, including:

• Employee referrals: This is when current employees recommend candidates from their network to fill open positions.
• Job boards: Posting open positions on popular job boards such as LinkedIn, Glassdoor, Indeed, and Monster.
• Social media: Recruiting candidates through social media platforms such as LinkedIn, Facebook, Twitter, and Instagram.
• Career Fairs: Attending job fairs or hosting their career fair to attract potential candidates.
• Campus recruiting: Targeting fresh graduates directly from universities and colleges.
• Recruitment agencies: Partnering with recruitment agencies to help source and screen candidates.

Understanding the source of hire data can help HR professionals make informed decisions, allocate resources more effectively and optimize their recruitment strategies to attract top talent. It can also help organizations determine which sources are the most effective in terms of candidate quality, retention, and cost per hire.