Measuring Sourcing Techniques Your organization is in the process of filling 100 assembly line workers. They decide to use 3 different sourcing methods discussed in Weeks 4 and 5. In order to assess the effectiveness of each sourcing method you have pulled together the following data: Sourcing Method Newspaper ads No. applications Average # of days Employee Referral No. applications Average # of days Social Media No. applications Average # of days Retention at 6 mos. # of Applicants # of Offers # of new hires 200 30 25 30 20 10 8 40 20 20 10 20 10 17 250 40 100 20 60 10 40 Using the chart below, calculate the following: 1. The yield ratios (offers/applicants, new hires/applicants) - expressed as a percentage 2. Cycle Times (days to offer, days to start) 3. Retention rates (retention at 6 mos/# of new hires) - expressed as a percentage Newspaper Ads Employee Referrals Social Media Yield 1 (offers/apps) Yield 2 (new hire/apps) Cycle 1 (days to offer) Cycle 2 (days to start) Retention Discussion Question: 1. What is the relative effectiveness of each of the methods based on the above metrics? 2. What are some reasons for the differences in the three methods? 3. What would you suggest the organization do differently in the future based on the above metrics