IPR Training Program
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IPR Training Program

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For Engineers seeking Intellectual Job Opportunities

For Engineers seeking Intellectual Job Opportunities

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IPR Training Program Presentation Transcript

  • 1. Proposal to START – An Patent training Initiative S trategic T alent A cquisition & R etention T echnique Prepared For : MaxVal Submitted By : Intellect League
  • 2. Our Understanding of MaxVal
    • A patent process solutions company
    • A client centric organization
    • Aims to provide better, faster and cost effective services
    • Believes that Business happens only through Value Maximization Process to its clients
    • Wide range of services to cater to various client requirements
  • 3. Computing Cost Per Hire Cost Per Hire Cost of Acquisition Cost of Training Cost of Employment
  • 4. Computing Cost of Acquisition
    • Internal Costs
    • Recruiting office salaries
    • Recruiting office perks and benefits
    • Staff Travel
    • Lodging Expenses
    • Entertainment Expenses
    • Miscellaneous Admin Expenses
    • External Costs
    • Travel
    • Lodging
    • Entertainment Expense etc. for other recruiters
    • Direct Fee
    • Advertising Expenses
    • Job Fairs
    • Recruitment Drives
    • Agency / Executive Search Fee
    • Cash awards for referrals
    • Supplemental Data
    • Number of Interviews Vs. Number of Selects
    • Post offer dropout percentage
    • Time-to-fill
    • Relocation Costs
    • Average Sign on bonus
    Total Cost of Acquisition
  • 5. Cost of Training
    • Cost of assessing the training requirement
    • If External Trainers used:
      • Cost of time of Internal HR in Sourcing Trainers
      • Cost of time of Internal HR in Scheduling Training
      • Training Fee paid to external trainer
    • Cost of designing the Training Modules
    • Cost of Training Materials used
    • Cost of Infrastructure used for Training
      • Venue
      • Electricity
      • Refreshments
  • 6. Cost of Employment
    • Once candidate joins MaxVal, he/she is put on a 1 month training program post which the employee goes live.
    • Hypothetically, on an average, a candidate takes 1.5 – 2 months to become productive (confirm)
    • Hence the company has lost a quarter of the year getting a candidate on board and performing
  • 7. Our Proposal to MaxVal
    • Approach A - The Conventional Model of Recruitment
    Source Assess Induct Train Approach B - The Contemporary Model of Recruitment – The Intellect League Way Source Assess Train Assess Induct
  • 8. Approach A - Features
    • Tried and Tested Method – Comfort Zone
    • Low candidate commitment levels
    • “Intention to Join and Stay” assessed at very late stage in the process
    • Fitment factor can be assessed only after the candidate joins
  • 9. Approach B – Benefit Analysis to MaxVal
    • MaxVal saves on cost of the End-to-end recruitment.
      • Sourcing Cost
      • Cost of Assessments
    • MaxVal saves on the cost of Training and Assessments
    • MaxVal save on the cost of Employment by getting on board a workforce who becomes productive in a shorter span of time!
    • Time saved = Money Saved
    But HOW?
  • 10. Intellect Leagues’ Finishing School for IPR Freshers
    • MaxVal can tie up with Intellect League for trained, ready-to-hit-the-road-running, manpower
    • 6 Day focused training on IPR and Employability
    • The cost of training in this model is borne by the candidates themselves
  • 11. Advantage MaxVal
    • MaxVal gets trained freshers
    • Candidates pay for training
    • Commitment levels of the candidates are high as he/she has invested money and undergone training
    • As candidates pay for training intention to join is assessed very early in the process
    • Time not spent in training after joining MaxVal
    • Freshers start performing within a short period of joining MaxVal
    • Committed individuals will stay longer with MaxVal keeping a check on the attrition levels
    • Individuals who have made an informed choice and invested to learn will be more productive than any other candidate looking for “just any job”
  • 12. Intellect League would be proud to Partner with you!
    • Like MaxVal, Intellect League also believes that in business, nothing is more rewarding than your clients trust in you.
    Intellect League would be extremely happy to be of service to you with its Innovative Talent Acquisition Model
  • 13. Thank You! www.intellectleague.com Process People Strategy Thank You