“ Uncover Hidden Cost Savings in Your Recruiting Process” Hosted By:   David Freeman Talent Management Solutions Consultan...
Ask Questions Enter Question Press Send
“ Uncover Hidden Cost Savings in Your Recruiting Process” <ul><li>Three common money pits in the typical recruiting proces...
“ Uncover Hidden Cost Savings in Your Recruiting Process” <ul><li>Three common money pits in the typical recruiting proces...
“ Uncover Hidden Cost Savings in Your Recruiting Process” <ul><li>Three common money pits in the typical recruiting proces...
“ Uncover Hidden Cost Savings in Your Recruiting Process” <ul><li>Three common money pits in the typical recruiting proces...
“ Uncover Hidden Cost Savings in Your Recruiting Process” Common Leak: Recruitment Advertising/Marketing
“ Uncover Hidden Cost Savings in Your Recruiting Process” Common Leak: Recruitment Advertising/Marketing <ul><li>Make educ...
Getting the Most Out of Your Recruiting Investment” Leveraging Your Recruitment Advertising Budget <ul><li>Review your onl...
“ Uncover Hidden Cost Savings in Your Recruiting Process” <ul><li>Three common money pits in the typical recruiting proces...
“ Uncover Hidden Cost Savings in Your Recruiting Process” <ul><li>Obstacles to entering the applicant pool </li></ul><ul><...
 
 
“ Uncover Hidden Cost Savings in Your Recruiting Process” <ul><li>Three common money pits in the typical recruiting proces...
“ Uncover Hidden Cost Savings in Your Recruiting Process” Holding Technology Hostage <ul><li>The key here is  don’t </li><...
“ Uncover Hidden Cost Savings in Your Recruiting Process” <ul><li>Three common money pits in the typical recruiting proces...
“ Uncover Hidden Cost Savings in Your Recruiting Process” <ul><li>38% of organizations produce no recruiting related repor...
“ Uncover Hidden Cost Savings in Your Recruiting Process” Recruiter and Hiring Manager Effectiveness  <ul><li>Key Metrics ...
“ Uncover Hidden Cost Savings in Your Recruiting Process” Recruiter and Hiring Manager Effectiveness  <ul><li>Key Metrics ...
“ Uncover Hidden Cost Savings in Your Recruiting Process” <ul><li>Three common money pits in the typical recruiting proces...
“ Uncover Hidden Cost Savings in Your Recruiting Process” <ul><li>How recruitment automation can provide a positive ROI in...
“ Uncover Hidden Cost Savings in Your Recruiting Process” Recruiter and Hiring Manager Effectiveness  <ul><ul><li>New Hire...
“ Uncover Hidden Cost Savings in Your Recruiting Process” Recruiter and Hiring Manager Effectiveness  <ul><li>Key Metrics ...
“ Uncover Hidden Cost Savings in Your Recruiting Process” 3000 Employee Company 75% Turnover $450,000 Potential tax advant...
“ Uncover Hidden Cost Savings in Your Recruiting Process” <ul><li>As much as 20% of hourly employees are eligible for tax ...
“ Uncover Hidden Cost Savings in Your Recruiting Process” <ul><li>Three common money pits in the typical recruiting proces...
<ul><li>Cytiva’s Free Webinar series   </li></ul><ul><ul><li>Recruiting 2.0 </li></ul></ul><ul><ul><li>Communicating Your ...
“ Building an Effective Referral Program to Source Quality Hires” <ul><li>Cytiva Software Inc. offers a wide variety of pr...
Upcoming SlideShare
Loading in...5
×

Talent Talk Webinar Uncover Hidden Cost Savings In Your Recruiting Process

1,152

Published on

Published in: Business, Technology
0 Comments
1 Like
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total Views
1,152
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
40
Comments
0
Likes
1
Embeds 0
No embeds

No notes for slide

Talent Talk Webinar Uncover Hidden Cost Savings In Your Recruiting Process

  1. 1. “ Uncover Hidden Cost Savings in Your Recruiting Process” Hosted By: David Freeman Talent Management Solutions Consultant Cytiva Software Inc.
  2. 2. Ask Questions Enter Question Press Send
  3. 3. “ Uncover Hidden Cost Savings in Your Recruiting Process” <ul><li>Three common money pits in the typical recruiting process </li></ul><ul><li>Key metrics to monitor and track ROI </li></ul><ul><li>How recruitment automation can provide a positive ROI in less than 1 year </li></ul>
  4. 4. “ Uncover Hidden Cost Savings in Your Recruiting Process” <ul><li>Three common money pits in the typical recruiting process </li></ul><ul><li>Key metrics to monitor and track ROI </li></ul><ul><li>How recruitment automation can provide a positive ROI in less than 1 year </li></ul>
  5. 5. “ Uncover Hidden Cost Savings in Your Recruiting Process” <ul><li>Three common money pits in the typical recruiting process </li></ul><ul><ul><li>Recruitment advertising/marketing </li></ul></ul><ul><ul><li>Obstacles to entering the applicant pool </li></ul></ul><ul><ul><li>Holding Technology Hostage </li></ul></ul>
  6. 6. “ Uncover Hidden Cost Savings in Your Recruiting Process” <ul><li>Three common money pits in the typical recruiting process </li></ul><ul><ul><li>Recruitment advertising/marketing </li></ul></ul><ul><ul><li>Obstacles to entering the applicant pool </li></ul></ul><ul><ul><li>Holding Technology Hostage </li></ul></ul>
  7. 7. “ Uncover Hidden Cost Savings in Your Recruiting Process” Common Leak: Recruitment Advertising/Marketing
  8. 8. “ Uncover Hidden Cost Savings in Your Recruiting Process” Common Leak: Recruitment Advertising/Marketing <ul><li>Make educated buying decisions based on facts </li></ul><ul><ul><li>Prepare a staffing plan and negotiate your ad rates based on your annual projections </li></ul></ul><ul><ul><li>Avoid one-off ad buys! </li></ul></ul><ul><ul><li>Consider using an agency to negotiate on your behalf </li></ul></ul><ul><li>Get the most from the ads you do place </li></ul><ul><ul><li>Properly track source codes (Marketing #’s for print) </li></ul></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><li>IT Manager </li></ul></ul><ul><ul><li>or </li></ul></ul><ul><ul><li>IT Managers, Our Dynamic, Energetic and Growing Firm is Looking for People as Passionate as we are. </li></ul></ul>
  9. 9. Getting the Most Out of Your Recruiting Investment” Leveraging Your Recruitment Advertising Budget <ul><li>Review your online postings for placement in search results </li></ul>
  10. 10. “ Uncover Hidden Cost Savings in Your Recruiting Process” <ul><li>Three common money pits in the typical recruiting process </li></ul><ul><ul><li>Recruitment advertising/marketing </li></ul></ul><ul><ul><li>Obstacles to entering the applicant pool </li></ul></ul><ul><ul><li>Holding Technology Hostage </li></ul></ul>
  11. 11. “ Uncover Hidden Cost Savings in Your Recruiting Process” <ul><li>Obstacles to entering the applicant pool </li></ul><ul><ul><li>Career site difficult to navigate </li></ul></ul><ul><ul><li>Jobs challenging to find and/or apply for </li></ul></ul><ul><ul><li>Cumbersome online forms </li></ul></ul><ul><ul><li>Lack of resume upload capabilities (additional document upload) </li></ul></ul><ul><ul><li>Asking for sensitive information in the “courtship” phase </li></ul></ul><ul><ul><li>Not providing tools to keep the applicant engaged </li></ul></ul>
  12. 14. “ Uncover Hidden Cost Savings in Your Recruiting Process” <ul><li>Three common money pits in the typical recruiting process </li></ul><ul><ul><li>Recruitment advertising/marketing </li></ul></ul><ul><ul><li>Obstacles to entering the applicant pool </li></ul></ul><ul><ul><li>Holding Technology Hostage </li></ul></ul>
  13. 15. “ Uncover Hidden Cost Savings in Your Recruiting Process” Holding Technology Hostage <ul><li>The key here is don’t </li></ul><ul><li>Share resources with Hiring Managers </li></ul><ul><ul><li>Eliminate bottlenecks </li></ul></ul><ul><ul><li>Speeds “Time to Start” </li></ul></ul><ul><ul><li>Fosters communication </li></ul></ul><ul><ul><li>Results in better applicant experience </li></ul></ul><ul><ul><li>Improves hiring manager satisfaction rating </li></ul></ul><ul><ul><li>Improves quantity and quality of data </li></ul></ul><ul><li>Share Resources with Vendors </li></ul><ul><ul><li>Prevents unnecessary payments </li></ul></ul><ul><ul><li>Frees up valuable time resources </li></ul></ul><ul><ul><li>Manage your vendors vs them managing you </li></ul></ul>
  14. 16. “ Uncover Hidden Cost Savings in Your Recruiting Process” <ul><li>Three common money pits in the typical recruiting process </li></ul><ul><li>Key metrics to monitor and track ROI </li></ul><ul><li>How recruitment automation can provide a positive ROI in less than 1 year </li></ul>
  15. 17. “ Uncover Hidden Cost Savings in Your Recruiting Process” <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>
  16. 18. “ Uncover Hidden Cost Savings in Your Recruiting Process” Recruiter and Hiring Manager Effectiveness <ul><li>Key Metrics to Monitor and Track ROI </li></ul><ul><ul><li>New Hire Retention </li></ul></ul><ul><ul><ul><li>90 days, 6 months, 9 month, 12 months, 18 months </li></ul></ul></ul><ul><ul><li>Quality of Hire – source, recruiter, HM </li></ul></ul><ul><ul><ul><li>How has the new hire performed against benchmarks at 90 days, 6 months, etc. </li></ul></ul></ul><ul><ul><li>Time to Fill </li></ul></ul><ul><ul><ul><li>Requisition creation – start date </li></ul></ul></ul>
  17. 19. “ Uncover Hidden Cost Savings in Your Recruiting Process” Recruiter and Hiring Manager Effectiveness <ul><li>Key Metrics to Monitor and Track ROI </li></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>Source Effectiveness </li></ul></ul><ul><ul><ul><li>Applicants produced </li></ul></ul></ul><ul><ul><ul><li>Hires produced </li></ul></ul></ul><ul><ul><ul><li>Cost per hire by source </li></ul></ul></ul><ul><ul><ul><li>Quality of hire by source </li></ul></ul></ul>
  18. 20. “ Uncover Hidden Cost Savings in Your Recruiting Process” <ul><li>Three common money pits in the typical recruiting process </li></ul><ul><li>Key metrics to monitor and track ROI </li></ul><ul><li>How recruitment automation can provide a positive ROI in less than 1 year </li></ul>
  19. 21. “ Uncover Hidden Cost Savings in Your Recruiting Process” <ul><li>How recruitment automation can provide a positive ROI in less than 1 year </li></ul><ul><ul><li>Improvement in key metrics alone will result in positive ROI </li></ul></ul><ul><ul><li>Reduction in advertising costs </li></ul></ul><ul><ul><li>Reduction of administrative tasks </li></ul></ul><ul><ul><li>Potential tax incentives </li></ul></ul>
  20. 22. “ Uncover Hidden Cost Savings in Your Recruiting Process” Recruiter and Hiring Manager Effectiveness <ul><ul><li>New Hire Retention </li></ul></ul><ul><ul><ul><li>The longer a new hire remains with the company the better the return on that hiring investment; however, quality of hire should go hand in hand with this metric for maximizing ROI. </li></ul></ul></ul><ul><ul><li>Quality of Hire – source, recruiter, HM </li></ul></ul><ul><ul><ul><li>Obviously, a good hire enhances the company’s overall performance and has a positive impact on ROI. A bad hire has the opposite effect. </li></ul></ul></ul><ul><ul><li>Time to Fill </li></ul></ul><ul><ul><ul><li>Longer time to fill causes lost productivity. Possibly even more importantly, great candidates will go quickly. Take too long and miss the opportunity. </li></ul></ul></ul>
  21. 23. “ Uncover Hidden Cost Savings in Your Recruiting Process” Recruiter and Hiring Manager Effectiveness <ul><li>Key Metrics to Monitor and Track ROI </li></ul><ul><ul><li>Cost per Hire </li></ul></ul><ul><ul><ul><li>Technology reduces the administrative costs, maximizes ad costs </li></ul></ul></ul><ul><ul><li>Source Effectiveness </li></ul></ul><ul><ul><ul><li>Effective sources improve recruitment process performance </li></ul></ul></ul>
  22. 24. “ Uncover Hidden Cost Savings in Your Recruiting Process” 3000 Employee Company 75% Turnover $450,000 Potential tax advantage $1,000 Avg. credit per qualifying employee 450 Est. # of eligible employees (20%) 2250 Turnover (75%) 3000 Employee Count
  23. 25. “ Uncover Hidden Cost Savings in Your Recruiting Process” <ul><li>As much as 20% of hourly employees are eligible for tax credits. </li></ul><ul><li>Qualifying employees are eligible for up to $8,500 in credits through the Work Opportunity Tax Credit and Welfare to Work programs. The amount of the credit is determined by the number of hours worked and the gross wages earned during that time. Walton Management estimates that on average a $1,000 credit will be received for each qualifying new hire. </li></ul><ul><li>In addition to WOTC and WtW your company may qualify for additional tax credits related to employment and training. Walton Management would be happy to join us on a conference call to tell you more about their company and to answer any questions you may have. </li></ul><ul><li>* Statistics Provided by Walton Management Services </li></ul>
  24. 26. “ Uncover Hidden Cost Savings in Your Recruiting Process” <ul><li>Three common money pits in the typical recruiting process </li></ul><ul><li>Key metrics to monitor and track ROI </li></ul><ul><li>How recruitment automation can provide a positive ROI in less than 1 year </li></ul>
  25. 27. <ul><li>Cytiva’s Free Webinar series </li></ul><ul><ul><li>Recruiting 2.0 </li></ul></ul><ul><ul><li>Communicating Your Employment Brand </li></ul></ul><ul><ul><li>Career Center 101 </li></ul></ul><ul><ul><li>Rethinking Your Recruiting Metrics for a Down Economy </li></ul></ul><ul><ul><li>Tips and Tricks for Effective E-Recruiting </li></ul></ul><ul><ul><li>Talent Acquisition Systems: Building a Strong Business Case </li></ul></ul><ul><li>Vist : www.sonicperform.com/company/events.htm </li></ul>
  26. 28. “ 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>
  1. A particular slide catching your eye?

    Clipping is a handy way to collect important slides you want to go back to later.

×