The hiring process is fundamental and one of the most important functions of a company. Companies need to analyze major trends related to the hiring process, such as the number of rejections, number of interviews, types of jobs, and vacancies. This analysis is crucial before hiring freshers or any other individuals.
We understand the functions of analytics and how creating charts and graphs in Excel and Google Sheets can simplify our job. In conclusion, Hiring Process Analytics plays a crucial role in helping companies determine job openings for the near future. These analytics are performed on a monthly, quarterly, or yearly basis, aligning with the needs and policies of the companies.
Within a company, certain employees may have higher salary packages compared to others due to their specialized skills and years of experience in their respective fields of work. Hiring Process Analytics aids in determining salaries for new freshers joining the company, identifying workforce requirements for each department, and facilitating decisions regarding employee appraisals and increments.