Before we get into the revolutionary world of job benchmarking, let’s talk about the traditional way of posting job vacancies. Because, let’s face it, most companies work like this because the right data resources are hard to find.
The problem: Data scarcity
In the traditional model, you’re often flying blind. You have no idea how your job posting is performing compared to similar roles in the industry.
Are you offering a competitive salary? Is your job description enticing enough?
Off course you can find data on the internet, but in most cases it’s not up to date or specific enough for your job, area or other specifics.
It’s all guesswork, and that’s a risky game to play when you’re looking to attract top talent.
What is Job Benchmarking?
Job benchmarking is the practice of comparing specific metrics related to your job vacancy against industry or market averages.
These metrics can include but are not limited to, salary ranges, required skills, and even the number of applicants per vacancy.
By benchmarking these metrics, you can understand how your job posting stacks up against the competition.
Why it matters
Imagine knowing exactly how your job posting is performing in real-time.
You could make data-driven adjustments to your job description, salary offering, or even the platforms where you post the job.
This level of insight is not just a ‘nice-to-have’; it’s a ‘must-have’ in today’s competitive job market.
How to do It: The old-school way
For a long time, job benchmarking was a tedious process.
You’d have to manually gather data from multiple sources, like industry reports, competitor job postings, and salary surveys.
Then you’d need to analyze this data to see how your job posting compares. It’s time-consuming, to say the least.
Ever posted a job vacancy and felt like you were throwing a message in a bottle into the vast ocean, just hoping it would reach the right island?
You’re not alone.
In the digital age, it’s easy to feel like you’re shouting into the void, wondering if your job is even interesting enough to get noticed.
Enter HirePort’s job-benchmark
Hold onto your seats, because we’re about to change the game. With our job benchmark feature, you get real-time insights into how your vacancy is performing compared to the market.
And we’re not just talking about salary here. We’re diving deep into the attractiveness and conversion rates of your job postings.
How it works
It’s easy, it really is. Post your job on HirePort, and boom! You’ll see whether you’re getting more or less traction than the market average.
This isn’t just eye candy; it’s actionable data that lets you tweak your job on the fly.
The benefits
- Data-driven decisions: No more gut feelings. Make decisions based on cold, hard facts.
- Time-saving: Stop wasting time gathering data from multiple sources. It’s all there, in one place.
- Cost-effective: By optimizing your strategy based on real data, you’re not just saving time; you’re saving money.
Quick wins
- Check regularly: Keep an eye on your benchmarks to stay in the groove.
- Be proactive: If you see your job posting is underperforming, don’t wait. Make those tweaks and watch the magic happen.
- Trust the data: Your benchmarks are your best friend. Listen to them, and they’ll guide you to recruitment nirvana.
Ready to level up?
If you’re as excited about job benchmarks as we are, why not take it for a test drive?
Trust us, once you go benchmark, you never go back.
