How To Boost Your Recruitment ROI

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Post on 21-Mar-2017

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  • Tips To Boost Your Recruitment ROI

  • Presented by:

    Ramnath BanerjeeStrategic Consultant, Pervenio Search & Consultants

    ramnath@pervenio.com twitter.com/ramnath

  • 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 services@pervenio.com

  • What Are TheCurrent Recruitment

    Challenges?

  • 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.?

  • FACT #1

    The average time to fill an open position is29.5 working days.

    Ref: http://dhihiringindicators.com/monthly-reports/

  • FACT #2

    The average cost of bad hire is estimated to bemore than $50,000.

    Ref: http://www.careerbuilder.com/share/aboutus/pressreleasesdetail.aspx?ed=12/31/2013&id=pr757&sd=5/8/2013

  • FACT #3

    The average time-to-productivity for anew employee is 20 weeks for professionals

    and 26+ weeks for executives.

    Ref: https://hrtimesblog.com/2014/03/27/getting-strategic-about-onboarding/

  • How Do WeAddress These

    Challenges?

  • Are There Any Shortcuts?

  • The answer is

    NO!There are no

    SHORTCUTS!

  • The only way to dealwith these recruitment challenges

    is to follow these

    Recruitment Best Practices

  • #1

    Define a clear process before starting the recruitment

    activities

  • 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.

  • #2

    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.

  • #3

    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.

    Ref: http://thehiringsite.careerbuilder.com/2012/07/24/creating-better-job-postings/

  • #4

    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.

  • #5

    Adopt an innovative, diversified, data driven

    approach

  • 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.

  • #6

    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.

  • Learn more at our Recruitment Blog:

    http://pervenio.com/blog/

    http://pervenio.com/blog/http://pervenio.com/blog/http://pervenio.com/http://pervenio.com/