Yield Rate Calculator is an easy and ready-to-use excel template. This template helps to calculate the yield rate at each stage during the staffing process starting from receiving applications to recruiting the candidate.
This metric is also called as Selection Rate.
This is useful for HR executive and managers to find the candidates journey in recruitment process.
What is the Yield Rate?
Yield Rate is an HR metric that 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 the 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 ?
To calculate yield rate or selection rate, the formula is very simple.
Yield Rate or Selection Rate = No. of Candidates at the End of Stage “N” / No. Of Candidates at the Beginning of Stage “N”
About Yield Rate Calculator Excel Template
Yield Rate or selection rate is useful and 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, This simple excel template with HR Metrics can be very much helpful.
How To Use The Yield Rate Calculator Excel Template ?
You can download and use this HR Metric 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 was 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 a total of 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 before 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 posts 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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Download and Use Yield Rate Calculator
To use this free printable yield rate calculator excel template, you should have Microsoft Office/ Microsoft Excel installed in your system.
After installing Excel or Spreadsheet, download the zip file of this template, extract the template using WinRAR or 7Zip decompressing software.
Once extracted, you can open the file using Excel and start entering data or customizing the template. You can customize the currency, color scheme, fields in this excel template as per your requirement.
