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Daily Decisions Costing Recruiters Money

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Four areas for recruiters to analyze when trying to find efficiencies in their daily processes. How is your company measuring up in these areas?

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Daily Decisions Costing Recruiters Money

  1. 1. Daily Decisions Costing Recruiters Money
  2. 2. Costly, small decisions add up over time. Here are four areas where recruiters can make better decisions every day to save money.
  3. 3. #1 Settling for the Second-Place Candidate
  4. 4. Second-place candidates don’t live the company mission and values.
  5. 5. “B” candidates typically have lower career trajectory with fewer promotions and shorter retention.
  6. 6. By not delivering top performers to your clients, that relationship becomes strained, and they don’t come back when they have more openings.
  7. 7. #2 Not Tracking Applicant Source Through to Placement
  8. 8. Do you know your cost per hire or cost per qualified applicant? Add up all internal and external costs. Divide by hires over that timeframe.
  9. 9. Do you know your cost per qualified applicant? Factors outside your control come into play with hiring. How many qualified applicants are in your pipeline?
  10. 10. Always record the source of hire or qualified applicant. That’s what drives your revenue and gross margin.
  11. 11. #3 Taking Too Long to Hire
  12. 12. The best talent could be off the marketing within 10 days. They don’t have time to wait and compare offers. This delay leads to a decrease in the quality of hires.
  13. 13. With an extended hiring process comes hidden hiring costs. More interviews. More time with unfulfilled job duties.
  14. 14. A long hiring process will spread. Top candidates post on sites like Glassdoor that your company has a long process. This drawn-out process will affect the quality of your future talent pool.
  15. 15. #4 Running Your Own Back Office
  16. 16. As a recruiter, your time needs to be on selling your services and finding candidates – not spending too much time on non- revenue producing tasks.
  17. 17. Background checks, pre-employment drug screens, I-9 and E-Verify Compliance, and Onboarding – all tasks you don’t need to do.
  18. 18. Spend more time landing the top talent and sending the best candidates to your clients.
  19. 19. Free up Time by Outsourcing Back-Office Tasks Our seasoned experts can handle your payroll, HR and other needs. Contact USA Staffing Services today!

Four areas for recruiters to analyze when trying to find efficiencies in their daily processes. How is your company measuring up in these areas?

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