how to boost your recruitment roi

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 candidate’s 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

Don’t 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 they’re 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/