Siemens India Ltd, Recruitment Metrics

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Implementing HR Recruitment Metrics
For BPHR, INDUSTRY SECTOR, SIEMENS INDIA LTD.

OVERVIEW About Siemens India Ltd. Structure of HR department What are metrics? How are they useful? Are there any cons? Why HR Recruitment Metrics?

What are HR Metrics? Metrics are a system of measurement E.g. the “metric system” for measuring various units HR Metrics are a means of measuring HR functions Used to gauge some quantifiable component of an organization’s performance Various formulae available to measure

Importance of HR Metrics To understand the importance of HR Metrics is to understand the importance of “Measurement” in management Measurement is needed to: Check if you are headed towards your organizations goals Identify problems Be more efficient Minimize wastage of resources

Importance of HR Metrics “Human Resource” is the most important resource Get a seat at the table, not “on the table” Shift from HRM to HCM Look at value of people, not number of people Measure value by results, not actions Measure at every step

ABOUT SIEMENS
Oct 12th, 1847, Berlin Telegraph Construction Co. of Siemens & Halske Present in more than 190 countries, employing 440,000 worldwide Vision: To be the pioneer in Energy efficiency Industrial productivity Werner von Siemens Affordable & personalized healthcare Intelligent infra solutions

Siemens India Ltd. 1867: Werner von Siemens personally supervised the laying of the first telegraphic line between London and Calcutta 1922: First company office founded 1957: Incorporated as a company under the Indian Companies Act Today Nation-wide sales and service 19 manufacturing plants 500 distribution partners

Businesses
Industry Motors and Drives Automation Building Technologies Mobility Lighting (OSRAM) Energy Power Generation Power Transmission IT Solutions and Services Healthcare Diagnostic Imaging and Therapy Laboratory Diagnostics Hearing Instruments Infrastructure Solutions Consumer products Home appliances

STRUCTURE
SIEMENS INDIA LTD.

INDUSTRY

ENERGY

HEALTHCARE

IA,DT&BTLV

IS

MO

IA

Industrial Automation

DT

Drive Technologies

BTLV

Building Technology Low Voltage

Structure of HR function
COMP & PAYROLL TRAINING & DEV

MEDICAL

BPHR
DELEGATION INT DELEGATIONS

RDC / WDC

Corporate HR
OCC SAFETY & ENV HR IT & SERVICES

SIPS
CORPORATE IR PROC, QLTY & M&A

HR INFO & TECH

CORP RECRT

Scope of Summer Project

UNDERSTAND
• To understand the Recruitment process entirely

DATA
• gather the required data and

IMPLEMENT
• implement an easy way of calculating and maintaining HR Recruitment Metrics

Recruitment Process
1. External Candidates
1. Raising an MPR
6. Salary offer 7. Medical

2. Sourcing CVs

5. HR interview

8. Joining

3. Candidate short listing

4. Technical interview

9. Appointment letter

Available HR Recruitment Metrics
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. HR STAFFING RATE HR RECRUITMENT SOURCE RATIO RECRUITMENT COST PER HIRE Recruiting Cost Ratio POSITIONS WITHOUT READY CANDIDATES RATE ON-TIME TALENT DELIVERY FACTOR AVERAGE TIME TO FILL OFFER ACCEPTANCE RATE REFERRAL CONVERSION RATE NEW POSITION RECRUITMENT RATE EXTERNAL HIRE RATE APPLICANT INTERVIEW RATE REFERRAL RATE 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. REHIRE RATE INTERVIEWEE RATIO NET HIRE RATIO INTERVIEWEE OFFER RATE NEW HIRE PERFORMANCE SATISFACTION INTERNAL HIRE RATE NEW HIRE FAILURE FACTOR AVERAGE TIME TO START AVERAGE SIGN-ON BONUS EXPENSE NEW HIRE SATISFACTION WITH RECRUITING

Source: THE METRICS STANDARD by the Corporate Leadership Council in partnership with Infohrm

Types of Recruitment Metrics Time

Satisfaction

Quality

Volume

Cost

1. Time Average Time to Fill On-time Talent Delivery Factor Time to source CVs Time for Approvals

2. Quality HR Staffing Rate Offer Acceptance Rate Applicant Interview Rate Referral Conversion Rate

3. Cost Recruiting Cost Ratio Recruitment Cost per...
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