ClearInsights Prebuilt Liveboard: Funnel Analysis Overview

The Funnel Analysis Prebuilt Liveboard is a comprehensive view that examines and analyzes the various stages of the candidate recruitment journey. It includes graphical representations of the funnel, which narrows as individuals progress through the stages.

In this article:
Purpose
Metrics Available
Default Filters
Attributes Available
Additional Resources

Purpose

The Funnel Analysis's primary purpose is to identify bottlenecks and areas of friction within the recruitment process. By offering insights into conversion and optimization opportunities, it empowers organizations to streamline processes, improve candidate engagement, and maximize conversions, ultimately enhancing efficiency and achieving better outcomes.

What kind of questions can this liveboard answer?

1. Where do candidates typically drop off in the process?
2. Are there identifiable patterns or common obstacles that lead to drop-offs or conversions?
3. What strategies or changes can be implemented to improve the conversion rates in critical stages?
4. How can the candidate experience be enhanced to encourage more applicants to move through the funnel successfully?
5. What are the main reasons we do not hire people?

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Metrics Available

• Average Days to Hire
• Hire Count
  • This widget is the count of candidates who are currently in a hired workflow stage and also have an applied date within the time period selected.
• Days to Hire by Role (at least 2 employees hired)
• Change in Average Days to Hire (Date is based on Apply Date)
• Change in Hires (Date is based on Apply Date)
• Average Time in Pipeline (Days since applied)
  • Shows the number of candidates that have been in that macro workflow stage divided by the number of candidates that have been in the hired macro stage.
• Most Time-Consuming Stages (Days to next stage type)
• Pipeline Progression (Candidates per Hire for each macro stage)
• Top 5 Disposition Reasons
  • This Answer showcases the top five disposition stages along with the number of candidates in each stage.

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Default Filters

1. Time Frame: Last 90 Days
2. Data Source: Applied Date

Attributes Available

Custom Fields

Candidate and Requisition Custom Fields can also be included. To add custom fields, the prebuilt liveboard must be duplicated.

Attribute	Origin	Description
Candidate	Application	The First and Last name is populated from the candidate profile. This is either when the candidate completes the application or if a resume is uploaded.
Candidate Link	Candidate Profile	The URL to the candidate profile in the ClearCompany System.
Requisition Title	Requisition	Requisition Title is populated from the requisition job title field.
Requisition ID	Requisition	Depending on your system settings, requisition ID will be either the auto-populated requisition ID or the user-provided requisition ID. When the auto-populate is enabled, ClearCompany assigns the ID upon the requisition's initial save. Requisition IDs must be unique across the organization and cannot be reused, even for unposted or deleted requisitions and templates. For more information, refer to: ATS Settings: Requisitions.
Candidate Grade	Candidate Profile	This is the grade assigned to the candidate on their candidate profile.
Daily Apply Date	Application	The Apply Date populates from the candidate profile when the candidate begins the apply process or when the candidate was created.
Candidate Source	Application	Candidate Source is populated from the candidate profile and indicates where the candidate applied from, such as a job board or referral. This is automatically recorded when they apply, but it can also be manually added or updated in the candidate’s profile.
Macro Stage	Workflow	The macro workflow stage a candidate is sitting under will be displayed in this column. Valid values: New Applicants, Screening, Interviewing, Offer, Hired, Declined by Employer, or Withdraw by Candidate.
Stage	Workflow	The name of the Stage the candidate was moved into at the specific time recorded in "Entered Stage Date".
Current Stage	Workflow	This will be populated based on the current micro workflow stage a candidate is in. These stages are created and determined by your organization.
Daily Entered Stage Date	Workflow	The date the candidate changes workflow stage. This is either done by a user manually or if a rule is set up.
Recruiter	Requisition	This data point is populated from the requisition in the hiring team section.
Hiring Manager	Requisition	This data point is populated from the requisition in the hiring team section.

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Additional Resources

ClearInsights: Talent Acquisition Data & Attributes
ClearInsights: Talent Development Data & Attributes
Custom Fields Overview