Where can I configure ‘Placement Probability’?
To set this up, go to Settings > Admin Settings > System Preferences > 8. Placement probability by stage:
All you need to do is to input the following for each stage:
The % chance to next stage
Avg. days in each stage
Using the numbers for the Sent stage to explain:
This means that 10% of my Sent candidates will move to the 1st Interview stage and on average, it takes 5 days to move from Sent to 1st Interview.
You’ll want to go through and set up the numbers for each stage.
⚡ Pro tip:
The better the probability, the more reliable forecast as it will give a more accurate assessment of your pipeline and what you can expect from your team.
Placement Probability calculations are only applied to Jobs with:
Job owner AND
This means that jobs with Job Owner and/or Forecast fee missing will be excluded from forecast calculations (i.e. it will not show up in analytics or the dashboards)
You can easily set Job Owner and Forecast Fee on the Job Profile like so: