Enter the number of hired candidates and the total number of candidates into the Calculator. The calculator will evaluate the Selection Ratio.
Selection Ratio Formula
SR = HC / C * 100
Variables:
- SR is the Selection Ratio (%)
- HC is the number of hired candidates
- C is the total number of candidates
To calculate Selection Ratio, divide the number of hired candidates by the total number of applicants, then multiply by 100.
How to Calculate Selection Ratio?
The following steps outline how to calculate the Selection Ratio.
- First, determine the number of hired candidates.
- Next, determine the total number of candidates.
- Next, gather the formula from above = SR = HC / C * 100.
- Finally, calculate the Selection Ratio.
- After inserting the variables and calculating the result, check your answer with the calculator above.
Example Problem :
Use the following variables as an example problem to test your knowledge.
number of hired candidates = 70
total number of candidates = 80
FAQ
What is the importance of calculating the Selection Ratio?
Calculating the Selection Ratio is important for organizations to understand the efficiency of their recruitment process. It helps in assessing the competitiveness of the hiring process and the attractiveness of the job to candidates. A lower Selection Ratio indicates a more selective and competitive process.
How can the Selection Ratio impact the cost of hiring?
A higher Selection Ratio may imply that the organization is less selective, potentially leading to higher costs in the long run due to increased turnover and the need for more frequent hires. Conversely, a very low Selection Ratio might indicate a highly selective process that could increase upfront recruitment costs but potentially lead to better retention and lower turnover costs.
Can the Selection Ratio vary by industry?
Yes, the Selection Ratio can significantly vary by industry due to differences in job demand, the supply of qualified candidates, and the nature of the job itself. Competitive industries or roles with a high demand might have a lower Selection Ratio, indicating a more selective hiring process.
Is there an ideal Selection Ratio companies should aim for?
There isn't a one-size-fits-all ideal Selection Ratio, as it depends on various factors including the industry, the role, and the company's specific hiring goals. However, companies should aim for a balance that allows them to be selective enough to ensure quality hires while also being realistic about the labor market and the attractiveness of their openings.
