Recruiting: Reduce Costs and Reap Results

by Alice Snell | June 3, 2009 No comments

Managing costs is a primary business focus for all organizations in any economic climate. The general goal is to optimize business processes and cut operational expenses without diminishing desired outcomes. The ideal result is to reduce costs while also improving business results. For recruiting"which continues even in the down economy"there are cost reductions and process improvements available especially in the areas of sourcing, assessment, and green recruiting, specifically for expenses for: Agencies Advertising Sourcing Turnover Paper Processing Real-world examples of results and ROI generated by Taleo customers who have used these strategies include: 24% reduction in cost per hire. 23% reduction in time to hire. Annualized cost savings of $4 million to $10 million. Return on investment of 8x to 10x. The new Taleo Research paper, Recruiting: Reducing Direct Costs and Reaping Results, provides detailed insights into reviewing recruiting practices for acquiring and retaining a high quality workforce. In addition, use our online Recruiting Process Assessment to identify areas of improvement in your recruiting process. R P A You may uncover new sourcing, assessment, and green opportunities to generate bottom line results by quantifying direct costs and reaping the benefits.

Industry: 
Staffing

Cover Image: 

Alice Snell

Alice Snell

Former Vice President, Taleo Research

Alice Snell is former Vice President of Taleo Research. Ms. Snell has been tracking and analyzing the intersection between technology and talent management for more than a decade. A noted […]