Definition (1):
Recruiting yield pyramid is the historical arithmetic relationships between recruitment leads and invitees, invitees and interviews and offers made, and offers accepted.
Definition (2):
Companies use a recruiting yield pyramid for ensuring enough numbers of prospective employees from where they would select the employees.
Some employers use this pyramid to calculate the number of applicants they must generate to hire the required number of new employees. From experience, the firm also knows the following:
- The ratio of offers made to actual new hires is 2 to 1.
- The ratio of candidates interviewed to offers made is 3 to 2.
- The ratio of candidates invited for interviews to candidates interviewed is about 4 to 3.
- Finally, the firm knows that of six leads that come in from all its recruiting sources, only one applicant typically gets invited for an interview- a 6 to -1 ratio.
Companies can think of classified ads, employment agencies, and also consider the present employees while recruiting new employees.
Use of the Term in Sentences:
- This company is considering different factors for preparing the recruiting yield pyramid.
- Is your company using a recruiting yield pyramid for ensuring a sufficient number of suitable employees for the post?