End-of-year recruitment reports are essential for any business, including those in the construction industry. These reports allow businesses to reflect on their recruitment efforts and identify areas for improvement. In this article, we will discuss the different areas you should include in your end-of-year recruitment reports, specifically for the construction industry.
- Turnover Rates
One of the most critical pieces of information that should be included in your end-of-year recruitment report is your turnover rate. Turnover rate refers to the number of employees who have left your company over the past year. This is essential because it provides insight into your retention efforts and can help identify areas to improve. It is important to break down turnover rates by department and job level to identify areas where you may be experiencing higher turnover.
- Reasons Why People Left
In addition to turnover rates, it is essential to include the reasons why employees left your company. By understanding the reasons why employees left, you can identify patterns and take steps to address any issues. Some common reasons why employees leave include:
- Lack of growth opportunities
- Poor management
- Insufficient compensation or benefits
- Poor work-life balance
- Lack of recognition or appreciation
- Diversity and Inclusion Metrics
There is a growing push for diversity and inclusion in the construction industry. Including diversity and inclusion data in your end-of-year recruitment report can help you track progress in this area.
- Recruitment Metrics
Recruitment metrics are important because they provide insight into the effectiveness of your hiring process. Some recruitment metrics to include in your end-of-year recruitment report are:
- Time to hire
- Cost per hire
- Source of hire
- Applicant to interview ratio
- Interview to offer ratio
- Employee Satisfaction Metrics
Employee satisfaction metrics are critical because they provide insight into the overall morale and engagement of your workforce. Including employee satisfaction metrics in your end-of-year recruitment report can help identify areas where you may need to improve. Some employee satisfaction metrics to include are:
- Employee engagement scores
- Job satisfaction scores
- Net Promoter Score (NPS)
End-of-year recruitment reports are an essential tool for any business, including those in the construction industry. Including the above-mentioned metrics in your report can help you track progress and identify areas for improvement. By analyzing these metrics, you can make data-driven decisions to improve your recruitment efforts and create a better workplace for your employees.