For the past two years, CedarCrestone has researched and published an independent customer value and satisfaction study. The results of this years study reveal once again that organizations that employ talent management processes get significant value in return.
Value highlights in the study include dramatic results in these areas:
Efficiency Gains. Weyerhaeuser saves from 10% to 12% by replacing the manual scanning of resumes, as reported in The Wall Street Journal.
Process Standardization. AREVA Group established consistent global processes for 58,000 people speaking 20 languages across 100 countries.
Increased Process Visibility. Hewlett-Packard increased quality of hire and manager satisfaction while reducing cost and time to hire.
Metrics for Management. Dell measures quality of hire using new hire and hiring manager surveys to gauge success in the recruiting process.
Faster Time to Hire. On average, customers report an average time to hire reduction of 17 days to 35 days, one day below the Saratoga best practice metric.
Lower Cost Per Hire. Direct Energy cut time to hire nearly in half and cost per hire from $10,000 to approximately $5,000.
Talent management delivers business value.
