Sourcing Performance Analytics Dashboard

Table of Contents

• Overview
• How Does It Work?
• Who Is It For?
• How Do I Customize the Data?

Overview

The Sourcing Performance dashboard quantifies the return on investment (ROI) of Findem’s platform, demonstrating its value to your organization. You can share these reports with business leaders to justify the expense of utilizing Findem.

How Does It Work?

In short, this dashboard helps you review the performance indicators that drive your success using Findem's Talent Sourcing. Analyze metrics on:

• Findem-Influenced Applications by Hiring Channel: ATS applications sourced via Findem, grouped by the hiring channel from which the candidate was shortlisted. This view displays which hiring channels are driving the highest percentage of applicant volume, and how this distribution changes over time. Applications are displayed by week of ATS application submission.

• Outreach Funnel Conversion: This view represents the rate at which candidates are first contacted by users in the selected time frame, first reply, and first show interest in the associated role.

  The left-hand side of the view highlights the conversion rates at each stage of this outreach funnel. It shows (from top-to-bottom):

  • Contact Rate

  • Reply Rate

  • Interest Rate

The right-hand side of the view shows the associate volumes at each stage. To view funnel conversion by user or search, click into the report using the box-and-arrow icon in the pop-up bar on the bottom of this report widget.

• Time in Stage (Outreach): Time (measured in days) averaged within relevant stages of outreach through the Findem platform.

  • Shortlist to Contact - average time between the date a user shortlists a candidate in Findem and the date the candidate is first contacted

  • Contact to Open - Average time between the date a candidate is first contacted and the date they first open the email

  • Open to Reply - Average time between the date a candidate first opens an email and the date they first reply

• Reply Rate by Hiring Channel: Rate of emails that received any candidate replies across the associated sourcing campaign. grouped by Findem Hiring Channel. Rate is composed of Candidates who replied to at least one email out of all candidates who were successfully contacted on the associated sourcing campaign.

• Contact-to-Interest Rate by Hiring Channel: Percentage of candidates who expressed interest in a role, out of all candidates contacted about the role through Findem, grouped by hiring channel from which a candidate was shortlisted. Findem recommends an overall email reply rate of 10% as broad guidance - ideal outreach conversion rates may vary across industries, job levels, and geographic regions.

• Time to Reply by Hiring Channel: Time (in days) between a candidate was first contacted via Findem and the candidate's first reply (interested or otherwise). Findem recommends an overall time to reply of 3 days as broad guidance - ideal reply timelines may vary across industries, job levels, and geographic regions.

Who Should Use This Dashboard?

The list below breaks down the ideal user types who may receive value from this dashboard and questions the dashboard can help answer.

TA Leader 

• How many applications in my ATS are influenced by actions taken in Findem?
• How well are candidate outreach efforts converting to interested candidates?
• How quickly are candidates responding to outreach efforts?
• Which hiring channels are driving change to these key performance metrics?

TA Ops Manager

• What methods are teams most frequently driving ATS application volume using Findem?
• Are teams successful in their efforts to implement a multi-channel sourcing strategy?
• Which hiring channels are candidates responding well to team’s outreach efforts?

Recruiter

• Which hiring channels are producing the candidates with the highest level of interest?
• Which hiring channels are producing the most responsive candidates?

Sourcer

• Which hiring channels are producing the candidates with the highest level of interest?
• Which hiring channels are producing the most responsive candidates?
• Which hiring channels are driving the most success for my selected Project?

How Do I Customize the Data Being Shown?

Each graph on the dashboard can be expanded to show rich data. To expand a graph and show the full report, click the expand icon when hovering over the graph.

In addition, to view an explanation of the data being shown, click the "i" icon below each graph.

Once expanded, each report will have its outline of information presented on the left. You can filter the report to insert or remove any data points you'd like.

Finally, download your report as a PDF or CSV file for easy sharing with others in your company.