Understanding Source Tracking
Hirvex automatically tracks where every candidate comes from—whether they applied through LinkedIn, Indeed, your careers page, referrals, or other sources. This data helps you understand which channels deliver the most and best-quality candidates.
Source Quality Metrics
The Source Effectiveness report shows three key metrics for each source: (1) Volume - total applications received, (2) Quality - average AI match score of candidates, and (3) Conversion - percentage of candidates who reach the interview stage. High-quality sources combine good volume with strong match scores.
Cost Per Hire Analysis
If you have connected your job board spend data, the report calculates cost per hire by source. This helps you identify the most cost-effective channels. For example, you might find that referrals cost less and convert better than paid job boards.
Optimizing Your Source Mix
Use the trend charts to see how source performance changes over time. If a source quality drops, you may need to refresh your job postings or adjust targeting. The report recommends an optimal source mix based on your industry and role types.
Source Comparison Guide
| Source | Volume | Quality | Best For |
|---|---|---|---|
| High | High | Professional, senior roles | |
| Indeed | Very High | Medium | General, high-volume hiring |
| Referrals | Low | Very High | All roles, culture fit |
| Company Website | Medium | High | Brand-aware candidates |
| Niche Job Boards | Low | Very High | Specialized technical roles |
Source Optimization Best Practices
- Post to 3-5 job boards for maximum reach without over-spending
- Prioritize niche industry boards for specialized roles
- Implement an employee referral program for cost-effective sourcing
- Track source quality, not just quantity—focus on high-converting channels
- A/B test job titles and descriptions on different platforms
- Refresh job postings every 2-3 weeks to maintain visibility