The ROI For Healthcare Talent Managment


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The Return on Investment from Improving the Recruiting Process with HealthcareSource Position Manager.

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The ROI For Healthcare Talent Managment

  1. 1. The Return on Investment from Improving the Recruiting Process with HealthcareSource Position Manager®<br />
  2. 2. HealthcareSource Position Manager® makes inefficient and costly recruiting a thing of the past. Used at more than 1,000 healthcare facilities, HealthcareSource is the clear leader in Applicant Tracking Solutions for Healthcare providers. It simplifies speeds and improves the entire recruitment process – requisitions, job postings, candidate applications, candidate screening and interviewing, offers and onboarding. It was developed just for healthcare, is easy to use, and quick to implement - all at a fair cost with excellent return on investment. The result? Quicker time to fill and time to hire, better retention, reduced cost and time on HR processes, and compliance.<br />2<br />
  3. 3. Lets do the math<br />3<br />When does?<br />1.5<br />11<br />6<br />40<br />70<br />6<br />When a respected research firm spoke with 46 hospitals about the return they got from Position Manager.<br />Nucleus Research is a global provider of investigative technology research and advisory services. Building on its unique ROI case study approach, for nearly a decade Nucleus Research has delivered insight and analysis on the true value of technology and strategies for maximizing current investments and exploiting new technology opportunities.<br />Lets look at the numbers in more detail..<br />
  4. 4. Return on Investment<br />4<br />1.5<br />11<br />6<br />40<br />70<br />6<br />11<br />Reduction in average days to fill<br /><ul><li>Overtime reduction from reduced time to fill
  5. 5. $15/hr for 88 hours is $1320 per hire
  6. 6. @300 hires, $400K in savings
  7. 7. @150 hires, $200k in savings</li></ul>“The [hiring] process is much smoother. Things are at our fingertips now. We’re able to review the application much more quickly online”<br />
  8. 8. Return on Investment<br />5<br />1.5<br />11<br />6<br />40<br />70<br />6<br />6<br />Hours saved per week per HR rep<br /><ul><li>Equivalent to ½ FTE for every 3 recruiters
  9. 9. Equivalent to $7211 per HR rep per year
  10. 10. 95% of customers had productivity gains</li></ul>“[It] enables all recruiters to keep track of each other and lets us work better as a team. It lets us process applications quickly and communicate with our managers more effectively. I has been a great tool for us. ”<br />
  11. 11. Return on Investment<br />6<br />1.5<br />11<br />6<br />40<br />70<br />6<br />1.5<br />Hours saved per hire per hiring manager<br /><ul><li> @1000 hires, time savings equivalent to $56,790 or almost one full time manager</li></ul>“The [hiring] process is much smoother. Things are at our fingertips now. We’re abe to review the application much more quickly online”<br />
  12. 12. Return on Investment<br />7<br />1.5<br />11<br />6<br />40<br />70<br />6<br />40<br />Percent potential reduction of advertising budget<br /><ul><li> Reduce spend and get same candidates or spend the same and get more candidates</li></ul>“It just opens up a whole wider range or applicants. We went from 1,000 applicants a year to 20,000.”<br />
  13. 13. Return on Investment<br />8<br />1.5<br />11<br />6<br />40<br />70<br />6<br />70<br />% reduction in copying, postage and paper related costs<br />Average savings of $1940 per year<br />“We’re drawing in more qualified applicants. These are people who didn’t have time to come in and fill out the application. We can get them from anywhere on the internet.”<br />
  14. 14. Return on Investment<br />9<br />1.5<br />11<br />6<br />40<br />70<br />6<br />6<br />Months or fewer for return on investment<br /><ul><li> Savings of $30k to hundreds of thousands of dollars per year
  15. 15. Savings in year one</li></ul>“I’d die without it. There was such an overwhelming amount of work to do before.”<br />
  16. 16. 10<br />Download the full report<br />
  17. 17. 11<br />HealthcareSource also has a full ROI model to help you predict what the ROI would be for your organization. For a free ROI consultation, contact us at<br />
  18. 18. Why HealthcareSource?<br />12<br />We know healthcare<br /><ul><li>100% focused on hospitals and healthcare
  19. 19. Over 1,000 healthcare facilities use our solutions every day
  20. 20. Full talent management suite of solutions</li></ul>We make it easy<br /><ul><li>Our services employees are former healthcare HR professionals
  21. 21. Software-as-a-Service results in fast, easy and low cost implementations
  22. 22. 96%+ customer satisfaction and customer retention</li></ul>We provide a safe, high payback investment<br /><ul><li>Great return on investment
  23. 23. Fair and predictable costs – low annual fees
  24. 24. We are financially sound, profitable, growing</li></li></ul><li>More information or demo?<br />