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Do you know your Co$t of Hiring?
Do you know your Co$t of Hiring ? Lets see how hiring managers normally spend their hiring budgets
Advertising  in
Advertising  in
Recruitment  Firms Advertising  in
Recruitment  Firms That’s it ? Advertising  in
did you add these other costs? Recruitment  Firms Wait... Advertising  in
Recruitment  Firms Employee Referrals Advertising  in
Recruitment  Firms Recruiter Pay Employee Referrals Advertising  in
Recruitment  Firms Recruiter Pay Travel Employee Referrals Advertising  in
Recruitment  Firms Recruiter Pay Travel Relocation Employee Referrals Advertising  in
Recruitment  Firms Recruiter Pay Travel Relocation Employee Referrals Add it all up Advertising  in
Recruitment  Firms Recruiter Pay Travel Relocation Employee Referrals Add it all up DO YOU REALLY KNOW YOUR CO$T OF HIRING? Advertising  in
Studies indicate that the Average Cost per Hire is $ 4,000 In USA
Studies indicate that the Average Cost per Hire is $ 4,000 In USA £ In UK 4,500
Studies indicate that the Average Cost per Hire is $ INR 4,000 In USA £ In UK In India 4,500 50,000
Average Cost per Hire through Recruitment Firms $ 18,700 In USA
Average Cost per Hire through Recruitment Firms $ 18,700 In USA £ In UK 12,000
Average Cost per Hire through Recruitment Firms $ INR 18,700 In USA £ In UK In India 12,000 70,000
Average Employee Referral Rewards per Hire $ 640 In USA
Average Employee Referral Rewards per Hire $ 640 In USA £ In UK 500
Average Employee Referral Rewards per Hire $ 640 In USA In India INR £ In UK 500 10,000
Average cost of applications through your Careers site $ 0,00 In USA
Average cost of applications through your Careers site $ 0,00 In USA £ In UK 0,00
Average cost of applications through your Careers site $ INR 0,00 In USA £ In UK In India 0,00 0,00
Average cost of applications through your Careers site $ INR 0,00 In USA £ In UK In India Referrals and Direct Applications are lowest cost hiring channels. Are you using them effectively? Lets see a typical Careers section of a website! 0,00 0,00
Typical Careers Page looks like this
Does your Careers Page look like this ?  Job Listings
Does your Careers Page look like this ?  Job Listings Social Media Integration
Does your Careers Page look like this ?  Job Listings Social Media Integration  Job Descriptions?
Does your Careers Page look like this ?  Job Listings Referrals ? Social Media Integration  Job Descriptions?
Does your Careers Page look like this ?  Job Listings Referrals ? Social Media Integration  Job Descriptions? Accept applications by email Still wasting time tracking CV’s on excel sheets and losing them to deleted emails ?
What if there is an easy solution ?
XYZ  CORPORATION powered Careers Page
Dont’ chase your IT guy, Post all your jobs yourself, in minutes ! XYZ  CORPORATION powered Careers Page
Apply online and Refer Friends. No sending CVs by emails ! Dont’ chase your IT guy, Post all your jobs yourself, in minutes ! XYZ  CORPORATION powered Careers Page
Search for and Browse through all the Latest Jobs Apply online and Refer Friends. No sending CVs by emails ! Dont’ chase your IT guy, Post all your jobs yourself, in minutes ! XYZ  CORPORATION powered Careers Page
Search for and Browse through all the Latest Jobs Apply online and Refer Friends. No sending CVs by emails ! Social Media Enabled  Dont’ chase your IT guy, Post all your jobs yourself, in minutes ! XYZ  CORPORATION powered Careers Page
Search for and Browse through all the Latest Jobs Apply online and Refer Friends. No sending CVs by emails ! Social Media Enabled  Set Rewards and enable an Employee Referral Program Dont’ chase your IT guy, Post all your jobs yourself, in minutes ! XYZ  CORPORATION powered Careers Page
Search for and Browse through all the Latest Jobs Apply online and Refer Friends. No sending CVs by emails ! Detailed Job Description Social Media Enabled  Set Rewards and enable an Employee Referral Program Dont’ chase your IT guy, Post all your jobs yourself, in minutes ! XYZ  CORPORATION powered Careers Page
Post and manage jobs on your careers section with a simple  and intuitive interface Careers Page – Control Panel
Post and manage jobs on your careers section with a simple  and intuitive interface Share jobs with your professional and social network in less than a minute  Careers Page – Control Panel
Post and manage jobs on your careers section with a simple  and intuitive interface Share jobs with your professional and social network in less than a minute  Track, manage and monitor all candidates  from application to joining. Build a reserve pool of candidates and create a pipeline to reduce future hiring lead time Careers Page – Control Panel
and 20 + other sites ! So that you get Resumes and Job applications  FASTER  and for  FREE All Jobs posted using  Careers pages are  submitted to
What if you could add all these features to your website in less than 10 minutes ? powered Careers Page
Log on to  www.wisestep.com/Recruiter/careers Act Now, Reduce your Hiring cost ! Convert your Website Visitors to applicants and Referrers.  Get more Job Applications at 0 cost! Try us Today
Done setting up your careers section ?  Now, add an Employee Referral Program to your careers section Lets see what Employee Referral Programs can do
33% % New hires through Referrals for
33% % New hires through Referrals for 40%
33% % New hires through Referrals for 40% 50%
33% % New hires through Referrals for 40% 50% What % of  your  hiring is from Referrals ?
Referrals helped the company grow their facility from 100 to 300 employees
Referral Rewards paid to hire over 3000 people  $ 7 MN
Referral Rewards paid to hire over 3000 people  $ 7 MN Average Referral Reward paid out per hire $ 1000 - $ 2500
Referral Rewards paid to hire over 3000 people  $ 7 MN Estimated Savings, if other channels were used for Hiring Average Referral Reward paid out per hire $ 1000 - $ 2500 $ 20 MN
Referral Rewards paid to hire over 3000 people  $ 7 MN Estimated Savings, if other channels were used for Hiring Average Referral Reward paid out per hire $ 1000 - $ 2500 $ 20 MN What is your cost of  not  having a Referral program?
Average number of Referrals leading to a successful hire 15
84 Average number of candidate applications from job boards leading to a successful hire Average number of Referrals leading to a successful hire 15
84 Average number of candidate applications from job boards leading to a successful hire Average number of Referrals leading to a successful hire 15 Are you still spending  more  time and money on Job Boards than necessary ?
5% % of Employees that normally participate in Employee Referral Programs
5% % of Employees that normally participate in Employee Referral Programs 25% % of Employees that need to participate in Employee Referral Program to make it successful
5% % of Employees that normally participate in Employee Referral Programs 25% What % of your employees participate in Referrals ? % of Employees that need to participate in Employee Referral Program to make it successful
Common  Issues about  Employee Referral  Programs Oh ! I did not know we had a referral program
Common  Issues about  Employee Referral  Programs Oh ! I did not know we had a referral program  All Open jobs and rewards are listed on the careers Section.  Easy to Find, Easier to Refer Employee Referral on Wisestep.com  powered Careers Page XYZ  CORPORATION
Common  Issues about  Employee Referral  Programs Oh ! I did not know we had a referral program  All Open jobs and rewards are listed on the careers Section.  Easy to Find, Easier to Refer Search for and Browse through all the Latest Jobs Employee Referral on Wisestep.com  powered Careers Page XYZ  CORPORATION
Common  Issues about  Employee Referral  Programs Oh ! I did not know we had a referral program  Employee logins to allow tracking of referrals All Open jobs and rewards are listed on the careers Section.  Easy to Find, Easier to Refer Search for and Browse through all the Latest Jobs Employee Referral on Wisestep.com  powered Careers Page XYZ  CORPORATION
Common  Issues about  Employee Referral  Programs I have to fill out 3 forms to refer my friends. That’s a hassle
Common  Issues about  Employee Referral  Programs I have to fill out 3 forms to refer my friends. That’s a hassle Employees can login and refer jobs to hundreds of friends using email and social media in less than a minute. Its easy and its fast.  Employee Referral on Wisestep.com  powered Careers Page XYZ  CORPORATION
Common  Issues about  Employee Referral  Programs I refer my friends but I never know the status of their applications
Common  Issues about  Employee Referral  Programs I refer my friends but I never know the status of their applications Employee Referral on Wisestep.com  powered Careers Page Receive applications that get tracked to the referrer automatically with regular status updates to the referrer. XYZ  CORPORATION
What  if an Employee Referral program with all these features can be added to your website in less than 10 minutes  ?
Log on to  www.wisestep.com/recruiter/careers   Act Now, Reduce your Hiring cost ! Call +91 998 999 7917 Email:  [email_address]   Convert your  Website Visitors to applicants and Referrers  and get more Job Applications at 0 cost! Add an  Employee Referral program  to your website  Try us Today
Source Data Average cost of hiring data :  EMA cost per hire Survey  Average cost of hiring in UK and India : Wisestep internal studies Average cost of hire through referrals and recruitment agencies : EMA Cost per hire survey  Average Referral rewards in India :  HR World Editors. % hires through referrals for Intel, PWC,  - HR World Editors  Referral Rewards data for E& Y, Direct TV  - HR World Editors, 2008 % hires though referral for Infosys : CNBC quarterly earnings call transcript for Q3 FY 10-11 Number of referrals that result in a hire :  Careers builder sources of hiring study 2010 % of website visitors that are job seekers : Wisestep Internal studies http://www.taleo.com/researcharticle/careers-website-visitors-just-facts   : % of visitors to careers websites that are job seekers  % of job seekers that will apply for a job with detailed job description  % of employees that participate in Referrals , % of employees required for a successful referral program : Wisestep Internal Studies

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Turn your website into a Talent Magnet

  • 1. Do you know your Co$t of Hiring?
  • 2. Do you know your Co$t of Hiring ? Lets see how hiring managers normally spend their hiring budgets
  • 5. Recruitment Firms Advertising in
  • 6. Recruitment Firms That’s it ? Advertising in
  • 7. did you add these other costs? Recruitment Firms Wait... Advertising in
  • 8. Recruitment Firms Employee Referrals Advertising in
  • 9. Recruitment Firms Recruiter Pay Employee Referrals Advertising in
  • 10. Recruitment Firms Recruiter Pay Travel Employee Referrals Advertising in
  • 11. Recruitment Firms Recruiter Pay Travel Relocation Employee Referrals Advertising in
  • 12. Recruitment Firms Recruiter Pay Travel Relocation Employee Referrals Add it all up Advertising in
  • 13. Recruitment Firms Recruiter Pay Travel Relocation Employee Referrals Add it all up DO YOU REALLY KNOW YOUR CO$T OF HIRING? Advertising in
  • 14. Studies indicate that the Average Cost per Hire is $ 4,000 In USA
  • 15. Studies indicate that the Average Cost per Hire is $ 4,000 In USA £ In UK 4,500
  • 16. Studies indicate that the Average Cost per Hire is $ INR 4,000 In USA £ In UK In India 4,500 50,000
  • 17. Average Cost per Hire through Recruitment Firms $ 18,700 In USA
  • 18. Average Cost per Hire through Recruitment Firms $ 18,700 In USA £ In UK 12,000
  • 19. Average Cost per Hire through Recruitment Firms $ INR 18,700 In USA £ In UK In India 12,000 70,000
  • 20. Average Employee Referral Rewards per Hire $ 640 In USA
  • 21. Average Employee Referral Rewards per Hire $ 640 In USA £ In UK 500
  • 22. Average Employee Referral Rewards per Hire $ 640 In USA In India INR £ In UK 500 10,000
  • 23. Average cost of applications through your Careers site $ 0,00 In USA
  • 24. Average cost of applications through your Careers site $ 0,00 In USA £ In UK 0,00
  • 25. Average cost of applications through your Careers site $ INR 0,00 In USA £ In UK In India 0,00 0,00
  • 26. Average cost of applications through your Careers site $ INR 0,00 In USA £ In UK In India Referrals and Direct Applications are lowest cost hiring channels. Are you using them effectively? Lets see a typical Careers section of a website! 0,00 0,00
  • 27. Typical Careers Page looks like this
  • 28. Does your Careers Page look like this ? Job Listings
  • 29. Does your Careers Page look like this ? Job Listings Social Media Integration
  • 30. Does your Careers Page look like this ? Job Listings Social Media Integration Job Descriptions?
  • 31. Does your Careers Page look like this ? Job Listings Referrals ? Social Media Integration Job Descriptions?
  • 32. Does your Careers Page look like this ? Job Listings Referrals ? Social Media Integration Job Descriptions? Accept applications by email Still wasting time tracking CV’s on excel sheets and losing them to deleted emails ?
  • 33. What if there is an easy solution ?
  • 34. XYZ CORPORATION powered Careers Page
  • 35. Dont’ chase your IT guy, Post all your jobs yourself, in minutes ! XYZ CORPORATION powered Careers Page
  • 36. Apply online and Refer Friends. No sending CVs by emails ! Dont’ chase your IT guy, Post all your jobs yourself, in minutes ! XYZ CORPORATION powered Careers Page
  • 37. Search for and Browse through all the Latest Jobs Apply online and Refer Friends. No sending CVs by emails ! Dont’ chase your IT guy, Post all your jobs yourself, in minutes ! XYZ CORPORATION powered Careers Page
  • 38. Search for and Browse through all the Latest Jobs Apply online and Refer Friends. No sending CVs by emails ! Social Media Enabled Dont’ chase your IT guy, Post all your jobs yourself, in minutes ! XYZ CORPORATION powered Careers Page
  • 39. Search for and Browse through all the Latest Jobs Apply online and Refer Friends. No sending CVs by emails ! Social Media Enabled Set Rewards and enable an Employee Referral Program Dont’ chase your IT guy, Post all your jobs yourself, in minutes ! XYZ CORPORATION powered Careers Page
  • 40. Search for and Browse through all the Latest Jobs Apply online and Refer Friends. No sending CVs by emails ! Detailed Job Description Social Media Enabled Set Rewards and enable an Employee Referral Program Dont’ chase your IT guy, Post all your jobs yourself, in minutes ! XYZ CORPORATION powered Careers Page
  • 41. Post and manage jobs on your careers section with a simple and intuitive interface Careers Page – Control Panel
  • 42. Post and manage jobs on your careers section with a simple and intuitive interface Share jobs with your professional and social network in less than a minute Careers Page – Control Panel
  • 43. Post and manage jobs on your careers section with a simple and intuitive interface Share jobs with your professional and social network in less than a minute Track, manage and monitor all candidates from application to joining. Build a reserve pool of candidates and create a pipeline to reduce future hiring lead time Careers Page – Control Panel
  • 44. and 20 + other sites ! So that you get Resumes and Job applications FASTER and for FREE All Jobs posted using Careers pages are submitted to
  • 45. What if you could add all these features to your website in less than 10 minutes ? powered Careers Page
  • 46. Log on to www.wisestep.com/Recruiter/careers Act Now, Reduce your Hiring cost ! Convert your Website Visitors to applicants and Referrers. Get more Job Applications at 0 cost! Try us Today
  • 47. Done setting up your careers section ? Now, add an Employee Referral Program to your careers section Lets see what Employee Referral Programs can do
  • 48. 33% % New hires through Referrals for
  • 49. 33% % New hires through Referrals for 40%
  • 50. 33% % New hires through Referrals for 40% 50%
  • 51. 33% % New hires through Referrals for 40% 50% What % of your hiring is from Referrals ?
  • 52. Referrals helped the company grow their facility from 100 to 300 employees
  • 53. Referral Rewards paid to hire over 3000 people $ 7 MN
  • 54. Referral Rewards paid to hire over 3000 people $ 7 MN Average Referral Reward paid out per hire $ 1000 - $ 2500
  • 55. Referral Rewards paid to hire over 3000 people $ 7 MN Estimated Savings, if other channels were used for Hiring Average Referral Reward paid out per hire $ 1000 - $ 2500 $ 20 MN
  • 56. Referral Rewards paid to hire over 3000 people $ 7 MN Estimated Savings, if other channels were used for Hiring Average Referral Reward paid out per hire $ 1000 - $ 2500 $ 20 MN What is your cost of not having a Referral program?
  • 57. Average number of Referrals leading to a successful hire 15
  • 58. 84 Average number of candidate applications from job boards leading to a successful hire Average number of Referrals leading to a successful hire 15
  • 59. 84 Average number of candidate applications from job boards leading to a successful hire Average number of Referrals leading to a successful hire 15 Are you still spending more time and money on Job Boards than necessary ?
  • 60. 5% % of Employees that normally participate in Employee Referral Programs
  • 61. 5% % of Employees that normally participate in Employee Referral Programs 25% % of Employees that need to participate in Employee Referral Program to make it successful
  • 62. 5% % of Employees that normally participate in Employee Referral Programs 25% What % of your employees participate in Referrals ? % of Employees that need to participate in Employee Referral Program to make it successful
  • 63. Common Issues about Employee Referral Programs Oh ! I did not know we had a referral program
  • 64. Common Issues about Employee Referral Programs Oh ! I did not know we had a referral program All Open jobs and rewards are listed on the careers Section. Easy to Find, Easier to Refer Employee Referral on Wisestep.com powered Careers Page XYZ CORPORATION
  • 65. Common Issues about Employee Referral Programs Oh ! I did not know we had a referral program All Open jobs and rewards are listed on the careers Section. Easy to Find, Easier to Refer Search for and Browse through all the Latest Jobs Employee Referral on Wisestep.com powered Careers Page XYZ CORPORATION
  • 66. Common Issues about Employee Referral Programs Oh ! I did not know we had a referral program Employee logins to allow tracking of referrals All Open jobs and rewards are listed on the careers Section. Easy to Find, Easier to Refer Search for and Browse through all the Latest Jobs Employee Referral on Wisestep.com powered Careers Page XYZ CORPORATION
  • 67. Common Issues about Employee Referral Programs I have to fill out 3 forms to refer my friends. That’s a hassle
  • 68. Common Issues about Employee Referral Programs I have to fill out 3 forms to refer my friends. That’s a hassle Employees can login and refer jobs to hundreds of friends using email and social media in less than a minute. Its easy and its fast. Employee Referral on Wisestep.com powered Careers Page XYZ CORPORATION
  • 69. Common Issues about Employee Referral Programs I refer my friends but I never know the status of their applications
  • 70. Common Issues about Employee Referral Programs I refer my friends but I never know the status of their applications Employee Referral on Wisestep.com powered Careers Page Receive applications that get tracked to the referrer automatically with regular status updates to the referrer. XYZ CORPORATION
  • 71. What if an Employee Referral program with all these features can be added to your website in less than 10 minutes ?
  • 72. Log on to www.wisestep.com/recruiter/careers Act Now, Reduce your Hiring cost ! Call +91 998 999 7917 Email: [email_address] Convert your Website Visitors to applicants and Referrers and get more Job Applications at 0 cost! Add an Employee Referral program to your website Try us Today
  • 73. Source Data Average cost of hiring data : EMA cost per hire Survey Average cost of hiring in UK and India : Wisestep internal studies Average cost of hire through referrals and recruitment agencies : EMA Cost per hire survey Average Referral rewards in India : HR World Editors. % hires through referrals for Intel, PWC, - HR World Editors Referral Rewards data for E& Y, Direct TV - HR World Editors, 2008 % hires though referral for Infosys : CNBC quarterly earnings call transcript for Q3 FY 10-11 Number of referrals that result in a hire : Careers builder sources of hiring study 2010 % of website visitors that are job seekers : Wisestep Internal studies http://www.taleo.com/researcharticle/careers-website-visitors-just-facts : % of visitors to careers websites that are job seekers % of job seekers that will apply for a job with detailed job description % of employees that participate in Referrals , % of employees required for a successful referral program : Wisestep Internal Studies