Measuring the overall effectiveness of your talent acquisition strategy can be challenging at best. There are so many metrics to keep track of, and many aren’t exactly useful.
Here’s a simple metric that we adopted from marketing: total talent acquisition spend dividedtotal new salary added. This ratio is a great way to understand what you’re spending vs what you’re getting in value (approximated by the salaries that you’re spending on new hires).
For more detail, check out this video.