Yield Rate Calculator is an easy and ready-to-use excel template to calculate the yield rate at each stage during the staffing process starting from receiving applications to recruiting the candidate.
What is the Yield Rate?
Yield Rate is an HR metric which is used to measure the percentage of candidates passing to the next level against the total number of applicants at a particular stage.
It measures the efficiency of staffing process at each stage starting from receiving the applications until recruiting the candidate. This metric is also known as Selection Rate.
How To Calculate Yield Rate?
The formula to Calculate yield rate is very simple.
No. of Candidates at the End of Stage “N”
No. Of Candidates at the Beginning of Stage “N”
Yield Rate Calculator Excel Template
Yield Rate is effective in big companies where the recruiting ratios are high. Such big companies check the effectiveness of recruitment sources with yield rate/selection rate.
To help them calculate the yield rate for multiple job posts easily, we have created a very simple Yield Rate Calculator with predefined formulas.
You just need to enter the statistical data of different stages on your recruiting process, and it will automatically calculate the yield rate for every stage in seconds.
You can download other useful HR Metrics Templates like Total Compensation Spend Rate Calculator, Base Salary Increase Rate Calculator, Benefits Spend Rate Calculator, Training Spend Rate Calculator and many more from our website.
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Let us understand how to use this Calculator in details.
How To Use The Yield Rate Calculator Excel Template?
The Yield Rate Calculator consists of 2 sections:
- Yield Rate (Single Job Post, Single Stage)
- Yield Rate (Multiple Job Posts, Multiple Stages)
1. Yield Rate (Sing Job Post, Single Stage)
In this section, you can calculate the yield rate for a single post for a single stage. For calculating it you need to enter just two details; No. of Candidates at the end of the Stage and No. of Candidates at the beginning of the Stage.
Say for example you are evaluating the yield rate for the screening process. You received around 150 CVS of candidates, out of which that passed the screening process were only 52.
Thus, by applying the formula given above, you can calculate the yield rate for this screening process. 52/150 = 34.67 %. This means that approximately 1/3rd of the CV was useful out of total 150 applications.
2. Yield Rate (Multiple Job Posts, Multiple Stages)
Recruiting ratios are high in big companies. There are multiple openings and multiple stages of recruitment starting from screening, interviewing, offering and hiring etc. Some companies might also have assignments prior to hiring.
You can write the name of the source of recruitment if you have done any contract will outsourcing/recruitment agencies.
This section of the template helps you calculate the yield rate for multiple job post at multiple stages of recruitment. I have given the yield rate for screening, Interviewing, Offering and Hiring processes.
Here also the same formula has been applied. But the only change is that the numbers changes according to the stages. The start of the previous stage is the end of the preceding stage.
This template can be useful to HR professionals, HR managers, and HR Assistants. IT can also be useful for business owners to evaluate the effectiveness of the recruiting process.
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