How To Boost Your Recruitment ROI
Post on 21-Mar-2017
Tips To Boost Your Recruitment ROI
Ramnath BanerjeeStrategic Consultant, Pervenio Search & Consultants
About UsPervenio has been enabling the confluence of leading talents with great workplaces throughout the United States and Canada from
the White Bear Lake, Minnesota offices since 1999. Combining experience and access to cutting-edge resources, the talent
leaders of Pervenio are able to land top talents, shorten time to fill, reduce cost-per-hire and boost hiring manager satisfaction.
www.pervenio.com (877) 388-9544 email@example.com
What Are TheCurrent Recruitment
Recruitment Challenge #1
As the global talent shortage widens,talent acquisition has become a challenging task.
Recruitment Challenge #2
Demand for faster hiring has become ade facto priority for every organization.
Recruitment Challenge #3
No matter what, hiring managers look forshorter time-to-productivity.
What Is TheCurrent Recruitment
Scenario in U.S.?
The average time to fill an open position is29.5 working days.
The average cost of bad hire is estimated to bemore than $50,000.
The average time-to-productivity for anew employee is 20 weeks for professionals
and 26+ weeks for executives.
How Do WeAddress These
Are There Any Shortcuts?
The answer is
NO!There are no
The only way to dealwith these recruitment challenges
is to follow these
Recruitment Best Practices
Define a clear process before starting the recruitment
Define a clear process
Like any other business processes, recruitmenttoo should be a process driven approachwhich should be designed and optimized
as per the size and needs of the organization.
Understand the candidate requirements clearly
Understand candidate requirements
This is a critical step in avoiding bad hires. Try tocollaborate with the respective hiring manager andestablish a friendly communication channel so that
you get a clear understanding of the candidates KPAs.
Create an attractivejob post
Create an attractive job post
As per a survey by CareerBuilder, 75% of candidatesopined that look and feel of a job post hasinfluenced their decision to apply for a job.Hence, try to make your job post intuitive
by optimizing it as much as possible.
Gain maximum reachby using varioussales channels
Gain maximum reach
Dont rely on the post-and-pray approach. Sharethe job post in relevant social media channels. Adopt
other sales techniques like cold calling, emailingor approaching passive candidates via private messages
to see if theyre looking for a job change.
Adopt an innovative, diversified, data driven
Adopt a data driven approach
Taking help of CV parsing technology or similarsmart techniques like predictive recruitment
analytics can save thousands of dollars of man-hours.
Create a seamless,interactive, dynamic onboarding process
Create a dynamic onboarding process
Organizations need to design and develop anonboarding process which is semi-automated,
interactive, paperless, fun filled and dynamic in nature.
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