The formula to calculate the Cumulative Yield Ratio (CYR) is:
\[
CYR = \frac{H}{C} \times 100
\]
Where:
\( CYR \) is the Cumulative Yield Ratio (%)
\( H \) is the total number of hires
\( C \) is the total number of candidates
Definition
Cumulative Yield Ratio (CYR): The percentage of candidates who are hired out of the total number of candidates.
Total Number of Hires (H): The total number of candidates who are hired.
Total Number of Candidates (C): The total number of candidates considered.
Significance: The Cumulative Yield Ratio is an important metric in recruitment and hiring processes. It helps organizations understand the efficiency of their hiring process and the effectiveness of their recruitment strategies. A higher CYR indicates a more efficient hiring process.
Example
Let's say the total number of hires (H) is 25 and the total number of candidates (C) is 100. Using the formula:
\[
CYR = \frac{25}{100} \times 100 = 25
\]
So, the cumulative yield ratio is 25%.
Extended information about "Cumulative-Yield-Ratio-Calculator"