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“ Getting the Most Out of Your Recruiting Investment” Hosted By:   David Freeman Talent Management Solutions Consultant Cy...
Ask Questions Enter Question Press Send
“ Getting the Most Out of Your Recruiting Investment” <ul><li>Where to look for common leaks in your recruiting process </...
“ Getting the Most Out of Your Recruiting Investment” <ul><li>38% of organizations produce no recruiting related reports <...
“ Getting the Most Out of Your Recruiting Investment” Common Leaks  <ul><li>Inefficiencies in the interview/hiring process...
“ Getting the Most Out of Your Recruiting Investment” Recruiter and Hiring Manager Effectiveness  <ul><li>Critical Metrics...
“ Getting the Most Out of Your Recruiting Investment” Recruiter and Hiring Manager Effectiveness  <ul><ul><li>Number of ca...
“ Getting the Most Out of Your Recruiting Investment” Recruiter and Hiring Manager Effectiveness  <ul><li>Critical Metrics...
“ Getting the Most Out of Your Recruiting Investment” <ul><li>Where to look for common leaks in your recruiting process </...
“ Getting the Most Out of Your Recruiting Investment” Controlling Agency Fees  <ul><li>First, you don’t need to eliminate ...
“ Getting the Most Out of Your Recruiting Investment” Controlling Agency Fees  <ul><li>Take advantage of technology to tak...
“ Getting the Most Out of Your Recruiting Investment” <ul><li>Where to look for common leaks in your recruiting process </...
Getting the Most Out of Your Recruiting Investment” Leveraging Your Recruitment Advertising Budget
Getting the Most Out of Your Recruiting Investment” Leveraging Your Recruitment Advertising Budget <ul><li>Avoid  one-off ...
Getting the Most Out of Your Recruiting Investment” Leveraging Your Recruitment Advertising Budget <ul><li>Review your onl...
Getting the Most Out of Your Recruiting Investment” Leveraging Your Recruitment Advertising Budget <ul><li>Re-evaluate you...
“ Getting the Most Out of Your Recruiting Investment” Leveraging Your Recruitment Advertising Budget
“ Getting the Most Out of Your Recruiting Investment” Leveraging Your Recruitment Advertising Budget
“ Getting the Most Out of Your Recruiting Investment” <ul><li>Where to look for common leaks in your recruiting process </...
<ul><li>Cytiva’s Free Webinar series   </li></ul><ul><ul><li>Sourcing Talent in a Time of Scarcity   </li></ul></ul><ul><u...
“ Building an Effective Referral Program to Source Quality Hires” <ul><li>Cytiva Software Inc. offers a wide variety of pr...
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Talent Talk Webinar Maximizing Your Recruiting Investment

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You’ve got technology, practices and procedures in place. But are you realizing the full value from your recruiting efforts? Cytiva’s Senior Talent Management Consultant David Freeman counsels scores of clients who are only realizing a fraction of the value of their recruiting efforts. Let Mr. Freeman walk you through simple steps and strategies to help you get the most out of your recruiting investment. You’ll learn:

• Where to look for common financial leaks in your recruiting process

• How to manage your third party (agency) recruiting relationships

• How to leverage your recruitment advertising budget

Published in: Business, Technology
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Transcript of "Talent Talk Webinar Maximizing Your Recruiting Investment"

  1. 1. “ Getting the Most Out of Your Recruiting Investment” Hosted By: David Freeman Talent Management Solutions Consultant Cytiva Software Inc.
  2. 2. Ask Questions Enter Question Press Send
  3. 3. “ Getting the Most Out of Your Recruiting Investment” <ul><li>Where to look for common leaks in your recruiting process </li></ul><ul><li>How to manage your third party (agency) relationships </li></ul><ul><li>How to leverage your recruitment advertising budget </li></ul>
  4. 4. “ Getting the Most Out of Your Recruiting Investment” <ul><li>38% of organizations produce no recruiting related reports </li></ul><ul><li>77% of those measure cost-per-hire; however, the process of calculating this metric varies greatly </li></ul><ul><li>66% measure time to fill. Again, the calculations vary greatly </li></ul><ul><li>54% measure quality-of-hire. Most commonly, this is only done through the performance management process. </li></ul><ul><li>The Bottom Line…You have to track if you are going to get the most out of your recruiting function! Take advantage of your talent management system, but don’t let any limitations be an excuse for not tracking </li></ul><ul><li>*SHRM Survey </li></ul>
  5. 5. “ Getting the Most Out of Your Recruiting Investment” Common Leaks <ul><li>Inefficiencies in the interview/hiring process. Recruiter and Hiring Manager effectiveness </li></ul><ul><li>Out of control agency placement fees </li></ul><ul><li>Misallocation of recruitment advertising dollars </li></ul>
  6. 6. “ Getting the Most Out of Your Recruiting Investment” Recruiter and Hiring Manager Effectiveness <ul><li>Critical Metrics for Monitoring Efficiency and Effectiveness </li></ul><ul><ul><li>Candidates interviewed weekly/monthly by recruiter </li></ul></ul><ul><ul><ul><li>Too few, are they making effective use of their time, or are they over-burdened? </li></ul></ul></ul><ul><ul><ul><li>Too many, are applicants being screened effectively? What tools are in place to assist? Pre-screening questions, assessment tests, etc. </li></ul></ul></ul><ul><ul><li>Number of candidates interviewed compared to the number presented for consideration </li></ul></ul><ul><ul><ul><li>Where is the bar set for passing applicants along? </li></ul></ul></ul>
  7. 7. “ Getting the Most Out of Your Recruiting Investment” Recruiter and Hiring Manager Effectiveness <ul><ul><li>Number of candidates interviewed per hire </li></ul></ul><ul><ul><ul><li>How effective is the screening process? Is one recruiter more effective than another? Are the tools we have in place working (structured interview guides, etc? </li></ul></ul></ul><ul><ul><li>Time to fill </li></ul></ul><ul><ul><ul><li>Clearly defined timelines. Remove time that can fluctuate dramatically </li></ul></ul></ul><ul><ul><li>Quality of hire; by source, by recruiter, by HM </li></ul></ul><ul><ul><li>Cost per hire </li></ul></ul><ul><ul><ul><li>Measured by role/responsibility </li></ul></ul></ul><ul><ul><ul><li>Not inclusive of “outside the norm” expenses </li></ul></ul></ul><ul><ul><li>Advertising source efficiency; cost per hire by source </li></ul></ul><ul><ul><li>Turnover by manager and position </li></ul></ul>
  8. 8. “ Getting the Most Out of Your Recruiting Investment” Recruiter and Hiring Manager Effectiveness <ul><li>Critical Metrics for Monitoring Efficiency and Effectiveness </li></ul><ul><ul><li>Reason for declined offers </li></ul></ul><ul><ul><ul><li>Is something missing from our </li></ul></ul></ul><ul><ul><ul><li>benefits package? </li></ul></ul></ul><ul><ul><ul><li>Is there a bottleneck in the </li></ul></ul></ul><ul><ul><ul><li> interview process? </li></ul></ul></ul>
  9. 9. “ Getting the Most Out of Your Recruiting Investment” <ul><li>Where to look for common leaks in your recruiting process </li></ul><ul><li>How to manage your third party (agency) relationships </li></ul><ul><li>How to leverage your recruitment advertising budget </li></ul>
  10. 10. “ Getting the Most Out of Your Recruiting Investment” Controlling Agency Fees <ul><li>First, you don’t need to eliminate recruiting agencies from your staffing plan. </li></ul><ul><li>Establish clear internal guidelines for the use of agencies </li></ul><ul><li>Establish a strong relationship with a limited number of agencies. Be careful not to make decisions solely on fees </li></ul><ul><ul><li>Consider paying a retainer to your partner agencies </li></ul></ul><ul><li>Set the expectations and clearly define the workflow for the agency. How to submit an applicant, how/when to follow up, what role they will play once an applicant is submitted, etc </li></ul><ul><li>Establish separate metrics for agency hires </li></ul><ul><ul><li>Quality of hire by agency </li></ul></ul><ul><ul><li>Number of applicants submitted per hire </li></ul></ul>
  11. 11. “ Getting the Most Out of Your Recruiting Investment” Controlling Agency Fees <ul><li>Take advantage of technology to take control of your agency relationships </li></ul><ul><ul><li>Use tools offered by your applicant tracking system (ATS) </li></ul></ul><ul><ul><ul><li>Define the workflow </li></ul></ul></ul><ul><ul><ul><li>Streamline communication </li></ul></ul></ul><ul><ul><ul><li>Prevent payment for an applicant that is already in your corporate database </li></ul></ul></ul><ul><ul><ul><li>Track metrics associated with the agency </li></ul></ul></ul>
  12. 12. “ Getting the Most Out of Your Recruiting Investment” <ul><li>Where to look for common leaks in your recruiting process </li></ul><ul><li>How to manage your third party (agency) relationships </li></ul><ul><li>How to leverage your recruitment advertising budget </li></ul>
  13. 13. Getting the Most Out of Your Recruiting Investment” Leveraging Your Recruitment Advertising Budget
  14. 14. Getting the Most Out of Your Recruiting Investment” Leveraging Your Recruitment Advertising Budget <ul><li>Avoid one-off ad buys! </li></ul><ul><li>Prepare a staffing plan and negotiate your ad rates based on your annual projections </li></ul><ul><ul><li>Consider using an agency to negotiate on your behalf </li></ul></ul><ul><li>Make educated buying decisions based on facts </li></ul><ul><li>Track source efficiency by hire vs. applicant count </li></ul><ul><li>Get the most from the ads you do place </li></ul><ul><ul><li>Proper categories, multiple categories </li></ul></ul><ul><ul><li>Strong titles that set you apart. </li></ul></ul><ul><ul><ul><li>Accountant I vs. Staff Accountant with a dynamic, growing organization. Tremendous Opportunity! </li></ul></ul></ul>
  15. 15. Getting the Most Out of Your Recruiting Investment” Leveraging Your Recruitment Advertising Budget <ul><li>Review your online posting for placement in search results </li></ul>
  16. 16. Getting the Most Out of Your Recruiting Investment” Leveraging Your Recruitment Advertising Budget <ul><li>Re-evaluate your employee referral program </li></ul><ul><li>Allow your source metrics to guide your ad placement decisions. Is newspaper producing results? </li></ul><ul><li>Include database search capabilities in your posting contracts </li></ul><ul><ul><li>Consider using a search consolidation tool to make your searches more efficient – Platinum Recruiter </li></ul></ul>
  17. 17. “ Getting the Most Out of Your Recruiting Investment” Leveraging Your Recruitment Advertising Budget
  18. 18. “ Getting the Most Out of Your Recruiting Investment” Leveraging Your Recruitment Advertising Budget
  19. 19. “ Getting the Most Out of Your Recruiting Investment” <ul><li>Where to look for common leaks in your recruiting process </li></ul><ul><li>How to manage your third party (agency) relationships </li></ul><ul><li>How to leverage your recruitment advertising budget </li></ul>
  20. 20. <ul><li>Cytiva’s Free Webinar series </li></ul><ul><ul><li>Sourcing Talent in a Time of Scarcity </li></ul></ul><ul><ul><ul><li>- 8/14/08 10-11 AM PDT </li></ul></ul></ul><ul><ul><li>Getting the Most Out of Your Recruiting Investment </li></ul></ul><ul><ul><ul><li>- 9/11/08 10-11 AM PDT </li></ul></ul></ul><ul><ul><li>Six Steps To Implementing Performance Management Software </li></ul></ul><ul><ul><ul><li>- 9/18/08 10-11 AM PDT </li></ul></ul></ul><ul><ul><li>Interview Techniques and Strategies for Hiring top Performers </li></ul></ul><ul><ul><ul><li>- 10/09/08 10-11 AM PDT </li></ul></ul></ul><ul><ul><li>Retention: The Key to a Successful Recruiting Plan </li></ul></ul><ul><ul><ul><li>- 11/20/08 10-11 AM PT </li></ul></ul></ul><ul><li>Register at: www.sonicrecruit.com/company/events.htm </li></ul>
  21. 21. “ Building an Effective Referral Program to Source Quality Hires” <ul><li>Cytiva Software Inc. offers a wide variety of products and services to help you get the most out of your recruiting efforts. </li></ul><ul><li>Talent Acquisition System </li></ul><ul><ul><li>Custom career sites </li></ul></ul><ul><ul><li>Employee referral management </li></ul></ul><ul><ul><li>Career agents </li></ul></ul><ul><ul><li>Ad posting and tracking </li></ul></ul><ul><ul><li>Manager self-service </li></ul></ul><ul><ul><li>Contact management/Outlook integration </li></ul></ul><ul><ul><li>EEO/OFCCP compliance </li></ul></ul><ul><ul><li>Vendor Management Module </li></ul></ul><ul><ul><li>Onboarding Module </li></ul></ul><ul><ul><li>Hourly Recruiting System </li></ul></ul><ul><li>Consulting </li></ul><ul><li>SonicPerform Performance Management System </li></ul><ul><li>To learn more contact: </li></ul><ul><li>David Freeman </li></ul><ul><li>Talent Management Solutions Consultant </li></ul><ul><li>877-775-0888 </li></ul><ul><li>www.sonicrecruit.com </li></ul>
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