Posts Tagged ‘cost per hire’

Does Source of Hire Equate to Quality of Hire?

Comments Off on Does Source of Hire Equate to Quality of Hire?Written on April 9th, 2012 by
Categories: Corporate Recruiters, Human Resources, Third-Party Recruiters
RecruitAlliance ensure your quality of hire reduces your cost per hire.It is a fact....any organization who effectively manages their relationships with external recruiting agencies will see a correlation between source of hire (agency), and the quality of hire. The true challenge presented to internal recruiting teams and hiring managers utilizing third-party recruiters is evaluating the time it takes to fill an opening and having the manpower to adequately manage the relationship(s) to determine the true ROI.

RecruitAlliance is a cloud-based solution that is 100% cost-free to hiring organizations, and provides a powerful communications and relationship management solution that creates thorough transparency between agency performance and time-to-fill. With a user-friendly interface and real-time reporting available on-demand, employers and Human Resources professional are able to move past the quality of hire guessing game.

Here are the top three benefits RecruitAlliance brings to the table for any growth-oriented hiring organization:

1. Post your jobs on RecruitAlliance, and tap into an expansive pool of passive talent. In case you haven't heard, the war on talent has waged once again. As we enter the next economic cycle, hiring organizations will be fighting for top talent, and this process requires preparation. Are you leveraging every recruitment option in your sourcing strategy? RecruitAlliance seamlessly aligns with your internal efforts, to create greater productivity.

2. Receive only qualified resumes, while reducing your cost per hire. Think about the additional work that comes with posting your open positions on a CareerBuilder, Monster, or some other niche job board. You're left sifting through endless resumes, most of which are not qualified. Posting your fee-eligible requisitions on RecruitAlliance allows you to receive pre-qualified, pre-screened candidates, and effectively reduce your time to hire.

3. Reduce the number of unwanted cold calls from staffing and recruiting agencies. Once you become a member of RecruitAlliance and are posting your positions on their platform, simply refer those agencies who call in to the RecruitAlliance website, and they'll take care of the rest. It's like having your own personal vetting committee on-call, to determine whether an agency is worthy of your business.

Source of hire really can equal quality of hire. Third-party recruiters and staffing agencies spend 100% of their time on the cultivation of top talent--so it stands to reason they can produce results for your most urgent talent needs.


Looking for ways to Reduce your Cost-Per-Hire?

Comments Off on Looking for ways to Reduce your Cost-Per-Hire?Written on August 29th, 2011 by
Categories: Corporate Recruiters, Human Resources
RecruitAlliance can reduce your cost-per-hire.Cost Per Hire
Cost per hire is a well-known metric, calculated by dividing the total staffing costs by the number of hires. Total staffing costs break down into fixed and variable costs. Fixed costs include recruiters’ salaries, staffing infrastructure, and overhead. Variable recruiting costs are made up primarily of sourcing costs, but may also include agency and assessment fees if applicable.

Cost versus Quality
The true challenge for human resources and hiring managers today is in gaining the return on investment for the quality of hires. While technology continues to evolve, and create new ways to connect with candidates, it does not remove the issue of engaging the upper-tier individuals who can generate more revenue for your company. Essentially, when all of your competitors have access to the same technologies and social media to source candidates - you're involved in another battle in the war for talent.

There is one solution that has been helping busy corporate HR and Recruiting departments since 2001. RecruitAlliance(RA) is a web-based platform available to qualified employers at no cost. Here's how it works:

1. The employer posts their jobs open to agencies on the RecruitAlliance website.
2. Contingency recruiters compete to fill the vacancies, at the fee set-up by the employer.
3. The recruiters submit all of their qualified candidates through the RecruitAlliance platform, and employers receive instant notification.
4. All communication may be done through RecruitAlliance, preventing the need for intrusive phone calls and interruptions.
5. Employers have complete access to advanced recruitment reporting analytics, right on the RA website.

Employers are able to fill their jobs faster, while naming the fee they're willing to pay may drastically reduce the organization's cost-per-hire. To sign up for a complimentary employer account today, click here.

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