Turnaround consultants are a valuable asset to any organization, providing the expertise and guidance needed to help them reach their goals. But how do you measure the success of their efforts? Reports are one of the best ways to track progress and measure success. In this article, we'll explore the types of reports turnaround consultants provide to their clients.
Hiring Metrics- Hiring metrics are used to evaluate the success of an organization's hiring process and make sure they are bringing in the right people.
These metrics provide data that can be used to improve the hiring process. They are an essential part of a data-driven hiring funnel, which can be explored in more detail in a Talent Acquisition Certification Program. It's important to measure what matters most and have a consultant or staff partner who can provide the necessary tools and data.
Response Time- Response time is often measured when it comes to turnaround consultants.
This refers to the number of calendar days needed to find and hire a new candidate, which is usually measured by the number of days between job application approval and candidate acceptance of the offer. Automating workflows and business processes can help reduce this response time.
Task Chart- A task chart shows how many tasks have been assigned to the consultant that have not been started, are in progress, or are finished. This is a great way to track their performance.
Progress Graph - The progress graph is a predictive metric that shows the actual and planned percentage of project completion. This helps you understand how close you are to achieving your goals.
Time Chart- The time chart tells you if your consultant is early or late in completing a project. This helps you stay on top of deadlines and ensure projects are completed on time.
Candidate Experience - Candidate experience is how job applicants perceive an employer's hiring and onboarding process and is often measured by a candidate experience survey. Monitoring this metric is key to ensuring human resources practices and activities contribute to creating a more diverse and inclusive workforce with a fair hiring process.
Response Rate- The response rate measures the percentage of emails that candidates respond to. Using Google Analytics can help track the real origin of people who saw the job offer on your website. Turnaround consultants offer invaluable services for organizations, but it's important to measure their success in order to ensure they are meeting your goals.
By tracking these metrics, you can get an accurate picture of how well they are performing and make sure you're getting the most out of your investment.