Demo
+1 (844) 755 8378
Contact
Applicant funnel calculator
Identify bottlenecks and inefficiencies in your hiring process using Testlify’s free applicant funnel calculator.
What are my recruiting conversion rates?
No sign-up required
Track candidate progression
Measure funnel performance
How to use the Applicant funnel calculator
Enter recruitment data
Input key recruitment metrics: the number of job posting views, applicants, interviews, offers, accepted offers, and average time to hire. These data points help calculate your recruitment conversion rates.
Click ‘Calculate’ to analyze
Hit the ‘Calculate’ button to instantly view your conversion rates at each stage of the hiring process. This will allow you to identify areas for improvement.
What is an applicant funnel calculator?
An applicant funnel calculator, also known as a hiring funnel calculator or recruitment funnel calculator, is a tool for defining the recruitment process, from when talent acquisition posts a job description to when the candidate accepts and signs the offer letter.
This funnel tracks, measures, and analyzes a candidate’s journey through each stage of the recruitment process. Calculating conversion rates at each point allows organizations to optimize their hiring strategies and identify areas for improvement.
Why to use a recruitment funnel calculator?
Optimize recruitment efficiency
Tracking every stage of the hiring process helps organizations identify where candidates drop off. This insight allows for targeted improvements, making the entire recruitment process more efficient and effective.
Make data-driven decisions
Accessing real-time data at each recruitment stage empowers your hiring team to make better, more informed decisions. Fine-tuning your strategies based on these insights can lead to better hiring outcomes and improved results.
Reduce time-to-hire and recruitment costs
By spotting and fixing inefficiencies in your recruitment process, you can speed up the time to hire and reduce costs while maintaining high-quality standards.
Using an Applicant Funnel Calculator gives you a comprehensive view of your hiring pipeline, enabling smarter decisions.
Applicant funnel formula
The applicant or recruitment funnel formula involves calculating conversion rates at each stage of the recruitment process. It involves calculating metrics such as number of job posting views, number of applicants, number of interviews, number of offers, number of accepted offers, and average time to hire.
How does the applicant funnel calculator help your business?
An Applicant Funnel Calculator is a powerful tool that helps businesses optimize their recruitment process by tracking candidates through each stage, from job posting views to accepted offers.
The calculator provides valuable insights into conversion rates at every stage by inputting key data such as job views, number of applicants, interviews, offers, and accepted offers.
This analysis helps organizations identify bottlenecks, streamline the hiring process, and make informed, data-driven decisions to improve recruitment efficiency and effectiveness.
