EP 53: Hitting hiring targets in hyper-growth. Scaling talent acquisition like a revenue org w Rahul Yodh
Jan 11, 2023
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Rahul Yodh, VP of Talent Acquisition at New Western, shares insights on hitting hiring targets in hyper-growth. Topics include running talent acquisition like a revenue org, scaling efficiently, and transitioning to advanced analytics tools. The podcast emphasizes data-driven decision-making and optimizing talent acquisition metrics for success.
Implementing revenue approach in talent acquisition leads to hitting hiring targets in hyper-growth.
Building data infrastructure and utilizing analytics tools enhance data-driven decision-making in talent acquisition.
Deep dives
Running Talent Acquisition Like a Revenue Org
The podcast episode discusses the importance of running talent acquisition like a revenue organization. The speaker highlights the direct impact that hiring has on revenue and emphasizes the need for a data-driven approach. They mention the importance of visualizing the pipeline and tracking metrics such as conversion rates and time-to-hire. The episode also touches on the significance of having a seat at the leadership table, aligning talent acquisition with business objectives, and the value of recruiting professionals with a sales background. The speaker shares insights on evaluating the culture, implementing a data stack for better reporting, and optimizing budget allocation for effective hiring channels.
Data-driven Decision Making
The podcast episode emphasizes the importance of data-driven decision making in talent acquisition. The speaker shares their experience of building data infrastructure to gain visibility into recruiting data. They discuss the use of dashboards and data visualization tools to track key metrics and identify patterns and issues. The episode highlights the significance of understanding the data, trusting the numbers, and analyzing metrics to make informed decisions. The speaker also mentions the role of data analysts and the future implementation of advanced analytics tools like Snowflake and ThoughtSpot to further enhance data insights.
Optimizing Hiring Efficiency
The podcast episode explores strategies for optimizing hiring efficiency in talent acquisition. The speaker emphasizes the need for a tight process, streamlined workflows, and leveraging technology to improve efficiency. They mention the importance of aligning hiring goals with the overall talent strategy and tracking metrics to measure success. The episode delves into the significance of segmenting data by departments, regions, and individual recruiters to analyze performance and identify areas for improvement. The speaker highlights the need for continuous evaluation and adjustments to ensure maximum efficiency in the hiring process.
Budget Allocation and Resource Optimization
The podcast episode discusses the process of budget allocation and resource optimization in talent acquisition. The speaker emphasizes the importance of understanding the ROI of different hiring channels and making data-driven decisions. They mention the significance of considering the cost per hire, time spent, and quality of candidates when evaluating channels. The episode highlights the value of segmenting data and analyzing performance on a per recruiter basis to identify areas for improvement. The speaker also stresses the importance of open communication, teamwork, and constantly reviewing and adjusting budget allocation to ensure maximum impact.
Rahul Yodh, Vice President of Talent Acquisition, shares how New Western hit their hiring plan while doubling the size of the company. How he implemented an optimized revenue approach to talent acquisition. New Western was just recognized by Glassdoor as a 2023 Best Place to Work.
Thank you to our sponsor, SecureVision, for making this show possible!